Las Vegas Sands Will ‘Wait Patiently’ for Digital Investment

Las Vegas Sands is not rushing into making an investment in the online gambling space.

Las Vegas Sands will not rush into the online gambling market. CEO Robert Goldstein believes 2022 will be a big year for LVS. The company made a net loss of $315m for the most recent quarter. The land-based gambling space is recovering from its pandemic.

Sands is looking at various online gambling opportunities. It will wait until the situation gets better and an ideal entry point presents itself. LVS chief operating officer Patrick Dumont mentioned that the company was assessing various digital opportunities across different markets and verticals.

LVS reported a net loss of $315m for the fourth quarter and $961m in the whole year. It is optimistic about the post-pandemic recovery of travel and tourism spending across its various markets. LVS is also in process of selling its entire Las Vegas portfolio, including Sands Expo and The Venetian Resort.