Subtitles section Play video Print subtitles the Las Vegas Sands is the biggest casino operator on the city's famed strip. But, as the song says, you need to know when to hold em and when to fold them. And The Sands on Wednesday said it is selling its Las Vegas real estate and operations for about six and a quarter billion dollars. Those properties include the Venetian Resort, Las Vegas and Sands Expo and Convention Center. The company acknowledged that selling the Venetian is, in its words, bittersweet because that's what brought fame to the company and to its founder, the late billionaire Sheldon Adelson. The Las Vegas based company is betting its future on Asia. Its operations in Macau already account for nearly half of the company's revenue. Singapore casinos make up a third back in the U. S The dealers will keep shuffling. The Sands found buyers for the Venetians operating company and forts land and real estate assets, among them funds managed by affiliates of private equity giant Apollo Global Management. Apollo said it's betting Las Vegas will recover as vaccine spark a revival in travel, leisure and revelry. Shares of Las Vegas Sands rose in early trading Wednesday.
B2 company venetian apollo betting real estate estate Las Vegas Sands is leaving Las Vegas 32 0 林宜悉 posted on 2021/03/03 More Share Save Report Video vocabulary