Despite multiple years and millions of dollars fighting online gambling, the Sands Corporation has stated that the company is “…determined to grow its leadership position” for digital gaming within the industry. The announcement comes as the company has hired Davis Catlin, who joins the company after spending the past fourteen years at an investment firm. […]
Tag: Las Vegas Sands
Sands Corporation: Leaving Las Vegas
It’s been less that two months since the Sands Corporation lost their leader, Sheldon Adelson. And now the company has made a major announcement about 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 […]
Shifting Sands! Las Vegas Sands Online Gambling Plans!
In an amazing turn of events, this week’s gambling news finds that we’re discussing Las Vegas Sands online gambling ambitions! The company has made a major change to their web gambling philosophy and is wasting no time plotting a new, digital course after the passing of Sheldon Adelson. We also cover sports betting news and […]
Las Vegas Sands Profits Fall $2 Billion in 2020
Shortly after the passing of Sheldon Adelson, we now learn that Las Vegas Sands profits fell nearly $2.2 billion last year, thanks in large part to the pandemic and diminishing tourism to Nevada. Room revenue fell almost 73% while food and beverage revenue was down 69%. Earnings from their conventions and retail shops fell 67%. […]
Las Vegas Sands Now Eyes Online Gambling
It’s been less than a month since the passing of Sheldon Adelson, and already his Las Vegas Sands has a new CEO who is steering the company toward iGaming and digital betting. Rob Goldstein has been named as Adelson’s replacement, and he seems set to take the company directly into the teeth of the industry […]
Sheldon Adelson Passes Away
Long time online gambling opponent and source of much trouble for our industry, Sheldon Adelson died last night while hospitalized for non-Hodgkin’s lymphoma, an illness first disclosed in early 2019. He was 87. The chairman and CEO of Las Vegas Sands and one of the Republican Party’s major donors, Adelson had recently taken a leave […]
Sheldon Adelson Takes Medical Leave
In March of 2019, Las Vegas Sands Chairman and Chief Executive Officer Sheldon Adelson announced he was receiving treatment for non-Hodgkin’s lymphoma. Mr. Adelson recently resumed his cancer treatment and will be taking a leave of absence as of today from his role as chairman and chief executive officer of both Las Vegas Sands and […]
Las Vegas Sands Might Be Sold
Casino operator Las Vegas Sands Corp is exploring a sale of its flagship casinos in vegas for approximately $6 billion, a source told Reuters on Monday, together with the movement likely to indicate the departure of this band’s chairman in the U.S. gaming industry for the time being. The properties contained in the prospective sale […]