Another Iconic Las Vegas Strip Casino Close to Big Changes
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Sheldon Adelson died a year ago. He was a powerful Republican donor and businessman. His company is close to selling its Las Vegas Sands casino. Caesars Entertainment and MGM Resorts International are the dominant casino operators in the desert city. i in Las Las. Vegas has seen its share of scoundrels and people of questionable morality own casinos.
Sheldon Adelson is a billionaire casino mogul and a major Republican donor. He is the biggest rainmaker in the Republican Party. He has a lot of influence in American politics.
Venetian Resort Las Vegas and the Sands Expo and Convention Center are being sold. VICI Properties Inc. will buy the land and real estate assets associated with the Venetians for $4 billion in cash. Private-equity firm Apollo Global Management will acquire the operating company of the resort for $2.25 billion.
Sands is focusing its development in Macau and Singapore. It is not abandoning plans in the U.S. yet.
