⁍ The properties included in the potential sale are Sands Expo Convention Center, the Venetian Resort Las Vegas and the Palazzo.
⁍ A potential sale of the Las Vegas properties will concentrate the company’s casino portfolio entirely in Macau and Singapore.
⁍ In May, Sands ended plans to open an integrated resort casino in Japan without providing a reason for the cancellation.
– Casino operator Las Vegas Sands Corp is exploring a sale of its flagship casinos in Las Vegas for about $6 billion, a source tells Reuters, with the move likely to mark the exit of the group’s chairman from the US gambling industry for now. The properties included in the potential sale are Sands Expo Convention Center, the Venetian Resort Las Vegas and the Palazzo, the source added. A potential sale of the Las Vegas properties will concentrate the company’s casino portfolio entirely in Macau and Singapore. Bloomberg reported earlier that Las Vegas Sands is working with an adviser to solicit interest from potential suitors, with a company representative cited by the news outlet confirming there were early discussions about a sale and that nothing has been finalized. In May, Sands ended plans to open an integrated resort casino in Japan without providing a reason for the cancellation.
Source: https://www.reuters.com/article/las-vegas-sands-divestiture/las-vegas-sands-mulling-6-billion-sale-of-vegas-casinos-source-idUSKBN27C098