Las Vegas Sands mulling Vegas casinos sale to fund Asia expansion
Gaming group Las Vegas Sands is preparing a possible US$6 billion (MOP47.8 billion) sale of its Las Vegas properties, Venetian Resort Las Vegas, the Palazzo and the Sands Expo Convention Center, in order to shift its focus to Asia, Bloomberg reported.
According to the report, a representative for Las Vegas Sands confirmed to Bloomberg that it was in very early discussions about a sale and that nothing has been finalized.
The sale was said to be able to fund the group’s plans to expand in Macau and Singapore, with US$6.3 billion of existing liquidity able to sustain idle operations for 17 months.
Read more in MNA – Macau News Agency.