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Las Vegas Sands Corporation has sold the Sands Expo, Venetian and Palazzo resorts along with its other Las Vegas properties, as the company shifts its focus to Asia. Sands officials announced the sale on 3 March. Affiliates of New York-based Apollo Global Management Inc. and Vici Properties Inc. will acquire subsidiaries that hold the real estate and operations of the Strip’s Venetian and Palazzo resorts and the Sands Expo and Convention Center for a total consideration of US$6.25bn. Sands Corp. had confirmed back in October it was considering offers for the Las Vegas properties in a move w...

Traders Magazine 0 Shares BlackRock and Snowflake announced a strategic partnership to deliver a next-generation solution for the investment management industry. BlackRock will launch Aladdin Data Cloud, a solution for investment managers to expand the utility of data, powered by Snowflake’s platform. The Aladdin Data Cloud will be a strategic part of Snowflake’s Data Cloud and a part of the Aladdin platform. The solution allows companies to bring Aladdin and non-Aladdin data together making it easy for users to build on top of it with Aladdin Studio, BlackRock’s platform for develo...

Gaming Industry Supercharged as More US States Look to Legalize Online Betting FN Media Group Presents Microsmallcap.com Market Commentary NEW YORK, Feb. 19, 2021 /PRNewswire/ -- While traditional casinos took a major hit in 2020, the world health crisis seems to have bolstered the online gambling market. In fact, experts are estimating the online gambling market could be worth $127.3 billion by 2027. However, the health crisis was not the only reason behind this market acceleration online. The updated American legal frameworks are also responsible for the upsurge in the online gaming indust...

In Part 1, the cover story of the IAG January issue, we examined the current state of play of integrated resort (IR) development in Japan including its rationale, recent events affecting the rollout, the pros and cons of likely IR locations and the current timeline. In Part 2, we compare and contrast the various candidate operators in the race. Japan is the holy grail of the global integrated resort industry – one of the last remaining advanced economies in the world without casino gaming. In theory at least, a Japan integrated resort ought to be very lucrative. Japan’s US$5 trillion eco...

The first tangible signs of Macau's recovery are in place with Londoner Macao opening. For the iGaming world waiting for Macau to reopen, a major step towards recovery and resumption of full operations has taken place: re-opening of the massive Londoner Macao integrated resort. The Opening LVS subsidiary Sands China's $2 billion IR project has officially opened a portion of it's hotel rooms to guests as of last Friday on Macau’s Cotai Strip. The advance opening previews the official phase-one launch in February as the new avatar of the re-branded Sands Cotai Central. More phases of opening ...