Noticias de ultima
  • 12.00 Louisiana Governor Vetoes Legislation That Would Have Banned Social Casino Sweepstakes Games
  • 12.00 Gambling expenditures in Denmark increased in April
  • 12.00 Fitch reports that SJM's credit rating remains unaffected by satellite casino closures and acquisitions
  • 12.00 IGT Lottery Rebrands as Brightstar Lottery
  • 12.00 Manipulating match outcomes: Six basketball players face sanctions
  • 12.00 Aida Vardanyan, CEO of Digitain Malta, has won the coveted 2025 Women in Gaming Diversity Awards
  • 12.00 Gaming in Peru
  • 12.00 Amusnet presents ‘Cash Bomb’: A Powerful New Add-On to The Signature Jackpot Cards
  • 12.00 Amusnet Gaming Launches Orient Story Deluxe Across Regulated Markets
  • 12.00 Clarion Gaming earns recognition at esteemed industry awards for event excellence
Casino

The Venetian Properties on the Las Vegas Strip Sold for $6.25B

Thursday 24 de February 2022 / 11:55

2 minutos de lectura

(Las Vegas).- The incoming and outgoing owners of the Venetian and Palazzo casino resorts and former Sands Expo and Convention Center announced on Wednesday 23 February 2022 that they had completed the sale of the iconic Las Vegas Strip properties for $6.25 billion.

The Venetian Properties on the Las Vegas Strip Sold for $6.25B

Apollo Global Management and Las Vegas Sands Corp. said in statements there would be relatively few changes at the luxury hotel complex including the renamed Venetian Expo.


The names will remain the same and George Markantonis, chief executive officer of The Venetian Resort, said the management team will stay in place.


“We have an exciting opportunity to build on our past successes while capturing future opportunities.”


New York-based VICI Properties acquired assets associated with the Venetian Resort Las Vegas and the expo for $4 billion.


Apollo Global Management bought Venetian operations for $2.25 billion.


Apollo told Nevada casino regulators last week the company will enter a partnership with Madison Square Garden Entertainment Corp. to continue development of the $1.9 billion, 17,500-seat MSG Sphere being built just east of The Venetian Expo.


Las Vegas Sands Corp., led by Sheldon Adelson until his death last year, will effectively cease U.S. operations to focus on operations in Asia.


Patrick Dumont, Sands president and chief operating officer, pointed to a recently announced $1 billion reinvestment at Marina Bay Sands in Singapore and a $2.2 billion renovation of The Londoner Macao.


“The foundation of this company was built in Las Vegas, and even though the overall size of the organization here will be smaller, it is important to each of us that we continue to strongly support our community,” Dumont said.


Adelson bought the Sands hotel, once a hangout for Frank Sinatra’s Rat Pack, in 1989, demolished it and built a grand Venice-inspired complex.


Now, between them, the Venetian and Palazzo have more than 7,000 guest rooms, huge casino and convention spaces, and more than 8,000 employees.


Adelson became a billionaire and Republican mega-donor. His family bought Nevada’s largest newspaper, the Las Vegas Review-Journal. He died in January 2021 at age 87 from complications related to treatment for non-Hodgkin’s lymphoma. His wife, Dr. Miriam Adelson, remains the majority shareholder of Las Vegas Sands Corp.


“The opening of The Venetian more than 20 years ago represents the beginning of the company’s success,” said Las Vegas Sands Chairman and CEO Robert Goldstein. “The property, and most importantly, the people who represent it every day will always remain indelible parts of our history.”

Categoría:Casino

Tags: Sin tags

País: United States

Event

SBC Summit Americas 2025

13 de May 2025

Uplatform Aims to Redefine iGaming Success with Networking, Localization, and Customer Journey Mapping

(Fort Lauderdale, SoloAzar Exclusive).- At SBC Summit Americas, Uplatform emphasized the power of strategic networking, data-driven localization and CJM to help operators thrive in the competitive iGaming market. María, Head of Marketing, shares how understanding regional nuances and focusing on overlooked player touchpoints can elevate brands from mere presence to lasting trust. Dive into her insights on industry trends, innovation, and why creativity is a rare gem in expos.

Monday 16 Jun 2025 / 12:00

ProntoPaga Drives the Fintech Revolution with SmartPIX and SmartRouting in LATAM

(Fort Lauderdale, SoloAzar Exclusive).- Evans Concha, CTO and Founder of Pronto Paga, shared the main innovations launched this year and how they impact the regional fintech industry. With a firm commitment to new technologies and cybersecurity, the company is positioning itself as a leader in the sector. Discover how it is redefining the future of digital payments in this article.

Friday 13 Jun 2025 / 12:00

Pay4Fun consolidates its position as a 100% Pix Payment Gateway and expands its reach in LatAm

(Fort Lauderdale, SoloAzar Exclusive).- Pay4Fun strengthens its position as a 100% Pix payment gateway with direct integration with the Central Bank, guaranteeing maximum security and efficiency in transactions. At SBC Summit Americas, Leonardo Baptista highlights the role of networking and innovation in an environment where technology and regulation are key. Discover how Pay4Fun is shaping the future of digital payments.

Thursday 12 Jun 2025 / 12:00

SUSCRIBIRSE

Para suscribirse a nuestro newsletter, complete sus datos

Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.

PODCAST