Las Vegas Sands’ owners are discussing sale of casinos for $6billion



Sheldon Adelson wearing a suit and tie: MailOnline logo


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Casino operator Las Vegas Sands Corp is exploring a sale of its two flagship hotel-casinos in Las Vegas in a deal that may bring in $6billion, according to reports.

The properties included in the potential sale are the Venetian Resort Las Vegas and the Palazzo, as well as Sands Expo Convention Center, which are all based along the city’s famous Strip, according to Reuters. 

Bloomberg also reported that Sands, the world’s largest casino company, is working with an adviser to solicit interest from potential suitors.

The gambling industry, which thrives on air travel and large groups of people in close proximity, is one of the hardest hit industries amid the ongoing coronavirus pandemic.

Travel restrictions and capacity limitations are leading to thousands of worker layoffs in Vegas as the United States’ outbreak continues.   



Sheldon Adelson, Donald Trump are posing for a picture: Chief Executive Officer of Las Vegas Sands Sheldon Adelson stands with President Donald Trump. It was announced this week that Sands Corp is exploring a sale of its two flagship hotel-casinos in Las Vegas in a deal that may bring in $6billion for the company


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