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  • the Las Vegas Sands is the biggest casino operator on the city's famed strip.

  • But, as the song says, you need to know when to hold em and when to fold them.

  • And The Sands on Wednesday said it is selling its Las Vegas real estate and operations for about six and a quarter billion dollars.

  • Those properties include the Venetian Resort, Las Vegas and Sands Expo and Convention Center.

  • The company acknowledged that selling the Venetian is, in its words, bittersweet because that's what brought fame to the company and to its founder, the late billionaire Sheldon Adelson.

  • The Las Vegas based company is betting its future on Asia.

  • Its operations in Macau already account for nearly half of the company's revenue.

  • Singapore casinos make up a third back in the U.

  • S The dealers will keep shuffling.

  • The Sands found buyers for the Venetians operating company and forts land and real estate assets, among them funds managed by affiliates of private equity giant Apollo Global Management.

  • Apollo said it's betting Las Vegas will recover as vaccine spark a revival in travel, leisure and revelry.

  • Shares of Las Vegas Sands rose in early trading Wednesday.

the Las Vegas Sands is the biggest casino operator on the city's famed strip.

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B2 venetian company apollo betting real estate estate

Las Vegas Sands is leaving Las Vegas

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    林宜悉 posted on 2021/03/03
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