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Las Vegas Sands is selling the Venetian casino resort and Sands Expo and Convention Center for $6.25 billion. In the two-part deal, VICI Properties will buy the property and all assets associated with the Venetian Resort Las Vegas and the Sands Expo for $4 billion. Apollo Global Management will acquire the operations of the Venetian for $2.25 billion. The global pandemic broadsided Las Vegas, shuttering the Strip where Las Vegas Sands is the biggest operator. Sales growth vanished last March as...

Mar. 3, 2021 Las Vegas Sands, founded by late billionaire and casino mogul Sheldon Adelson, said on Wednesday it would sell its Vegas properties for about $6.25 billion to focus on Asia, home to the world’s largest gambling hub, Macau. The sale comes just two months after the death of Adelson, who transformed Las Vegas Sands into the world’s largest casino and filled his gambling hubs with trendy restaurants and shops, making them luxury destinations for business travelers and tourists alik...

Las Vegas Sands is selling the iconic Venetian casino resort (left) and its Sands Expo and Convention Center, along with the Palazzo (right), two months after the death of Sheldon Adelson (center).

The company led by Sheldon Adelson until his death this year will effectively cease U.S. operations.

Share this article LAS VEGAS, March 3, 2021 /PRNewswire/ --  Las Vegas Sands Corp. (NYSE: LVS) today announced that it has entered into definitive agreements to sell its Las Vegas real property and operations, including The Venetian Resort Las Vegas and the Sands Expo and Convention Center (collectively, "The Venetian") for an aggregate purchase price of approximately $6.25 billion. Under the terms of the agreement, an affiliate of funds managed by affiliates of Apollo Global Management, Inc....

Market movers: Stocks that saw action on Wednesday - and why Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer A roundup of some of the North American equities making moves in both directions today On the rise Laurentian Bank Financial Group (LB-T) soared after beating expectations as it reported a...

Las Vegas Sands is selling the iconic Venetian casino resort and its Sands Expo and Convention Center for $6.25 billion, withdrawing from gambling operations on the Las Vegas Strip after changing the nature of the casino business there and just about everywhere else

Las Vegas Sands Corp , founded by late casino mogul Sheldon Adelson, will sell its Vegas properties for $6.25 billion, exiting the U.S. gambling hot spot after three decades to focus on Asia, home to the world's largest gambling hub, Macau.

What The $6.25 Billion Deal For The Las Vegas Venetian, Sands Expo Means For Gaming 03/03/21 AT 11:39 AM Las Vegas Sands Corp. (LVS) has entered into a $6.25 billion deal to sell off its Las Vegas property and operations, including the Venetian Resort and Sands Expo and Convention Center, just weeks after the death of its founder. The deal with Apollo Global Management will include about $1.05 billion in cash and $1.2 billion in seller financing in the form of a term loan credit and security a...

March 2, 2021 French multinational hospitality behemoth Accor SA has reportedly announced the signing of an agreement that is to see it bring a Raffles-branded hotel to the giant Galaxy Macau development. According to a Monday report from GGRAsia, the Paris-headquartered firm revealed that the deal inked with Asian casino operator Galaxy Entertainment Group Limited will involve its Raffles at Galaxy Macau venue opening during the second half of the year complete with a collection of 450 suites ...