NGCB Approves Sales of Las Vegas Sands Properties to Apollo Global
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Apollo Global Management is close to buying three Las Vegas Sands properties. The Nevada Gaming Control Board approved the deal. Nevada's Gaming Commission will make the final decision.
NGCB approved the sale of Las Vegas Sands Properties to Apollo Global. Leon Black resigned last year after being exposed as having ties to Jeffrey Epstein. He is no longer on the board of directors of Apollo. The license will be presented to the NGC next Wednesday. Gaming investigators were uncomfortable about proceeding with the Apollo deal.
NGCB Approves Sales of Las Vegas Sands Properties to Apollo Global. David Sambur, co-head of private equity, says the company's business is to raise money in private Equity every 4-5 years and buy businesses. Samur claims that Apollo plans to retain the Venetian and Palazzo workforce. Schreck claims Samber has been given control by the board to manage the new asset group without interference from other executives or management.
