It’s been less that 8 weeks because the Sands Corporation destroyed their frontrunner, Sheldon Adelson. And today the organization has made a announcement that is major their future in Nevada: There is none!
A deal has been reached which will allow Apollo Global Management and Vici Properties to buy the Sands Las Vegas properties for $6.25 billion. When completed, the Sands will no longer have a presence in Sin City… or Nevada, for that matter.
The Las Vegas Sands Corporation will change it’s subsequently title to just “Sands” as an effect.
Sands CEO Robert Goldstein said “The Venetian changed the facial skin of future casino development and Sheldon that is cemented Adelson’s as one of the most influential people in the history of the gaming and hospitality industry…”
Shares of the “Sands” jumped 3% with the news. You can read more about the noticeable modifications to your Sands Corporation at CNN.