las vegas sands corp.
Sands Completes Sale of The Venetian Resort in Las Vegas
Sands | February 24, 2022
LAS VEGAS, NV - February 24, 2022 - Las Vegas Sands Corp. today announced it has completed the approximately $6.25 billion sale of The Venetian Resort (The Venetian, Palazzo and Venetian Expo) to affiliates of Apollo Global Management, Inc. and VICI Properties Inc. "The opening of The Venetian more than 20 years ago represents the beginning of the company's success. The property, and most importantly, the people who represent it every day will always remain indelible parts of our history," said Las Vegas Sands Chairman and Chief Executive Officer Robert Goldstein. "Looking forward from the sale, we believe our strong balance...
VICI Properties and Apollo Funds Ink $6.25B Deal to Acquire Las Vegas Sands’ Venetian Resort and Sands Expo Center
VICI Properties | March 3, 2021
NEW YORK -- March 3, 2021 -- VICI Properties Inc. (“VICI Properties” or the “Company”) announced today it has entered into definitive agreements to acquire from Las Vegas Sands Corp. (“LVS”) all of the land and real estate assets associated with the Venetian Resort Las Vegas and the Sands Expo and Convention Center, located in Las Vegas, Nevada (collectively, the “Venetian Resort”), for $4.0 billion in cash, representing a 6.25% cap rate. An affiliate of certain funds managed by affiliates of Apollo Global Management, Inc. (the “Apollo Funds”), has agreed to acquire the operating company of the Venetian Resort for $2.25 bi...
Las Vegas Sands Enters Into Agreement With Singapore Government to Expand Marina Bay Sands IR
Las Vegas Sands Corp. | April 3, 2019
LAS VEGAS, April 3, 2019 -- Las Vegas Sands today announced a bold expansion plan for Marina Bay Sands in Singapore which will see the world's most successful and recognizable integrated resort add significant new tourism offerings to the property. The company has entered into a development agreement with the Singapore government and said it will quickly begin work on the new project. Located immediately adjacent to the existing Marina Bay Sands Integrated Resort (IR), the key elements of the development will be a state-of-the-art 15,000-seat arena, a luxury hotel tower and additional MICE (Meeting, Incentive, Convention, and Exhibi...
Las Vegas Sands Corp. Plans $90 Million Casino Expansion for Pennsylvania’s Sands Bethlehem
Sands Casino Resort Bethlehem | November 14, 2016
BETHLEHEM, Pa., Nov. 14, 2016 -- Sands Bethlehem, a leading regional casino and entertainment destination located in Bethlehem, PA, and owned and operated by global integrated operator Las Vegas Sands Corp. (NYSE: LVS), today announced plans for a $90 million casino expansion. With construction expected to begin in the first quarter of 2017, the expansion is estimated to add a new gaming floor and more than 1,000 new gaming seats, along with additional restaurant space, public restrooms and additional back of house facilities. The footprint expansion is approximately 59,200 square feet and a total gross floor area expansion of almost 10...
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