As Las Vegas Sands Corp. eyes Macau and Singapore for future growth, an expert warned that this move will likely be entangled with economic and political risks. The upscale resort and casino company announced on March 3 that it has reached an agreement to sell its Las Vegas real property and operations, including The Venetian Resort Las Vegas and the Sands Expo and Convention Center, for an aggregate sale price of approximately $6.25 billion. Meanwhile, the company plans to continue its business in Asia. The move marks the company’s growing interest in the Asian market. “Asia remains the backbone of this company and our developments in Macao and Singapore are the center of our attention. We will always look for ways to reinvest in our properties and those communities,” Las Vegas Sands Chairman and Chief Executive Officer Robert Goldstein said in a statement. Las Vegas Sands is spending $5.5 billion to renovate and …
Las Vegas Sands’ Asian Bet Facing Economic and Political Risks: Expert
March 13, 2021
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