Las Vegas Sands

Las Vegas Sands is Falling Amid Concern Over Covid

Las Vegas Sands is Falling Amid Concern Over Covid

In early March, Las Vegas Sands announced that it was selling its Las Vegas real estate and operations for $6.25 billion. That transaction, which is expected to close in the fourth quarter, was a major shift for a company whose late CEO, Sheldon Adelson, was a towering figure on the Las Vegas Strip.

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MGM Growth Properties interested in Las Vegas Sands

MGM Growth Properties interested in Las Vegas Sands

James Stewart serves as the Chief Executive Officer for MGM Growth Properties and he reportedly responded to a direct question concerning Las Vegas Sands Corporation by declaring that his company ‘would definitely be interested’ in acquiring the three Las Vegas venues.

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Las Vegas Sands Stock unaffected by Coronavirus

Las Vegas Sands Stock unaffected by Coronavirus

Granted, the casino company’s Chinese operations have become more important to Las Vegas Sands as people in China and many parts of Asia find new options for their discretionary income. And the company has come to rely heavily on Macao for revenue growth, so concerns have risen about the financial effects of the virus creating a sell-off situation.

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