American iGaming flutter for Las Vegas Sands Corporation
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Las Vegas Sands Corporation has made an inaugural strategic investment in iGaming technologies and services firm Huddle Tech Incorporated. The move for an undisclosed amount of cash is due to see its latest partner invest in supporting ‘a team of 80 with diverse expertise and skills’
Las Vegas Sands Corporation has a bank balance of some $6.25 billion after exiting the American land-based casino market in February via the sale of its The Venetian Resort Hotel Casino and The Palazzo hotel. The operator is now reliant on its remaining properties in the Asian gambling hotspots of Macau and Singapore.
The Chairman and Chief Executive Officer for Las Vegas Sands Corporation, Robert Goldstein, proclaimed at the time of his company's American withdrawal that it would remain ‘focused on growth’ and look to capitalize on “meaningful opportunities on a variety of fronts”.
Huddle Tech Incorporated was created via the merger of American iGaming software developer Huddle Gaming Inc. with in-play odds compatriot DeckPrism Sports LLC. The newly-constituted enterprise has committed to growing its presence in the rapidly-expanding online gaming market of the United States.
Francesco Borgosano is the Chief Executive Officer of Huddle Tech Incorporated. He believes his company will be able to provide iGaming operators with high-quality products.
