Las Vegas Sands

Apollo Funds Complete the Acquisition of The Venetian Resort Las Vegas and Venetian Expo Operating Companies

Retrieved on: 
Wednesday, February 23, 2022
GLOBE, Golf, Retirement, Growth, LVS, Jack Entertainment, Madison Square Garden Entertainment, APO, Cherokee, Chelsea Piers, Industry, Eastern Band of Cherokee Indians, NYSE, Venetian, Paul, Weiss, Rifkind, Wharton & Garrison, LLP, Caesars Palace, Acquisition, MSG Sphere, Caesars Entertainment, Apollo Global Management, Vici Properties, Hyco International Inc, Las Vegas Sands, Private equity, Restaurant, Solution, CEO, Apollo, Casino, Hotel, Las Vegas Strip

NEW YORK, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, Apollo) today announced that funds managed by its affiliates (the Apollo Funds) have completed the acquisition of the operations of The Venetian Resort Las Vegas and the Venetian Expo in Las Vegas (The Venetian) from Las Vegas Sands Corp. (NYSE: LVS) for approximately $2.25 billion.

Key Points: 
  • NEW YORK, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, Apollo) today announced that funds managed by its affiliates (the Apollo Funds) have completed the acquisition of the operations of The Venetian Resort Las Vegas and the Venetian Expo in Las Vegas (The Venetian) from Las Vegas Sands Corp. (NYSE: LVS) for approximately $2.25 billion.
  • The agreement to acquire the iconic Las Vegas property was announced March 2021.
  • Were thrilled to complete the acquisition of The Venetian, a premier Las Vegas resort thats backed by a world-class team, said David Sambur, Apollo Partner and Co-Head of Private Equity.
  • VICI Properties Inc. is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, Harrahs Las Vegas and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.

VICI Properties Inc. Completes $4 Billion Acquisition of the Venetian Resort Las Vegas

Retrieved on: 
Wednesday, February 23, 2022
Commercial Building & Real Estate, Other Travel, Construction & Property, Lodging, Travel, REIT, Casino, Gaming, Entertainment, Disney's Venetian Resort, Floral Shoppe, Partnership, Golf, Risk, LVS, Jack Entertainment, APO, Madison Square Garden Entertainment, Cherokee, Security (finance), Hand, Music, CPI, Chelsea Piers, COVID-19, Deutsche Bank, Industry, Company, Sale, Eastern Band of Cherokee Indians, MSG Sphere at The Venetian, NYSE, Venetian Towers, U.S. Securities and Exchange Commission, Caesars Palace, Acquisition, MSG Sphere, Caesars Entertainment, Apollo Global Management, Adelson, Vici Properties, In re Caremark International Inc. Derivative Litigation, Las Vegas Sands, MSG, Kramer Levin Naftalis & Frankel, Restaurant, Grand Canal Shoppes, Brookfield Properties, Apollo, Casino, Hotel, Las Vegas Strip

VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced it has completed the previously announced transaction to acquire all of the land and real estate assets associated with the Venetian Resort Las Vegas and the Venetian Expo and Convention Center Las Vegas, located in Las Vegas, Nevada (the Venetian Resort) for $4.0 billion in cash, representing a 6.25% cap rate.

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI Properties or the Company), an experiential real estate investment trust, today announced it has completed the previously announced transaction to acquire all of the land and real estate assets associated with the Venetian Resort Las Vegas and the Venetian Expo and Convention Center Las Vegas, located in Las Vegas, Nevada (the Venetian Resort) for $4.0 billion in cash, representing a 6.25% cap rate.
  • Additionally, VICI Properties has the opportunity to fund up to an additional $1.0 billion development at the property through the Companys Partner Property Growth Fund.
  • John Payne, President and Chief Operating Officer of VICI Properties, said, We are thrilled to complete the acquisition of this remarkable world-class asset.
  • VICI Properties Inc. is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, Harrahs Las Vegas and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.

Marina Bay Sands unveils US$1 billion reinvestment to transform luxury travel and hospitality experience

Retrieved on: 
Tuesday, February 8, 2022
Industry, Sands Macao, Growth, IR, London Court, The Venetian Macao, Grand Canal Shoppes, Food, Denihan Hospitality Group, Restaurant, The Londoner Macao, Cotai Strip, The Parisian Macao, LVS, The Plaza, F&B, Residence permit, Program, Season, Integrated resort, Government, Integration, NYSE, ArtScience Museum, Exhibition, Lead, Town square, CEO, Health, Macau Peninsula, Tourism, Travel, MICE, Casino, Hotel, Las Vegas Sands, Marina Bay Sands

SINGAPORE, Feb. 8, 2022 /PRNewswire/ -- Marina Bay Sands has embarked on a major reinvestment programme for its existing property, spanning hotel rooms and suites, new food and beverage (F&B) offerings and other enhancements that will position the Integrated Resort (IR) for strong growth as the recovery of global tourism continues.

Key Points: 
  • The US$1 billion reinvestment for Marina Bay Sands is part of Las Vegas Sands' ongoing programme to elevate design and the customer experience across its properties in Singapore and Macao.
  • Paul Town, Marina Bay Sands' Chief Operating Officer, said: "Marina Bay Sands' new room and suite offerings will bring luxury lifestyle experiences not seen in the market before, as we reimagine the future of luxury hospitality and travel.
  • Our properties include The Venetian Resort and Sands Expo in Las Vegas, the iconic Marina Bay Sands in Singapore.
  • Completing the line-up of attractions is ArtScience Museum at Marina Bay Sands which plays host to permanent and marquee exhibitions.

Sands China Hosts 9th Sands Supplier Excellence Awards and 10th Sands Procurement Academy Graduation

Retrieved on: 
Monday, January 24, 2022
People, Transfer, Commerce, Board, Presidium of the National People's Congress, Engineering, Cotai, Government, The Parisian Macao, Public relations, Cotai Arena, Shanghai Stock Exchange, Las Vegas Sands, NYSE, Knowledge, Cotai Water Jet, Economy, Investment, Social responsibility, European Business and Technology Centre, Hong Kong Exchanges and Clearing, Tourism, SME, Industry, Macau Daily Times, LVS, Venetian Theatre, Company, Sands, Congress, Macao Daily News, China International Technology Transfer Center, Business, Stock exchange, London Theatre Studio, Cayman, Transport, Restaurant, Casino, Sands China

Ou Tou Engineering Company Ltd.

Key Points: 
  • Ou Tou Engineering Company Ltd.
    And during the graduation ceremony for the Sands Procurement Academy, the company recognised 52 local SMEs, including 16 exhibitors from the 2021 Sands Shopping Carnival.
  • Nearly 370 suppliers have enrolled in the academy since its founding in 2017, and 330 have graduated to dates, including Friday's group.
  • The Sands Procurement Academy is co-organised with the Macao Chamber of Commerce and the Macau Productivity and Technology Centre (CPTTM) and is a first-of-its-kind industry training.
  • Sands China is a subsidiary of global resort developer Las Vegas Sands Corp. (NYSE: LVS).

Las Vegas Sands to Announce Fourth Quarter 2021 Financial Results

Retrieved on: 
Wednesday, January 19, 2022
MICE, Macau Peninsula, The Parisian Macao, The Venetian Macao, Las Vegas Sands, NYSE, Growth, Sands Macao, Cotai Strip, New, Season, The Plaza, Integration, Integrated resort, Exhibition, LVS, The Londoner Macao, Lead, Town square, Casino, Tourism

LAS VEGAS, Jan. 19, 2022 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) announced today that it will release its financial results for the quarter ended December 31, 2021 on Wednesday, January 26, 2022.

Key Points: 
  • LAS VEGAS, Jan. 19, 2022 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) announced today that it will release its financial results for the quarter ended December 31, 2021 on Wednesday, January 26, 2022.
  • About Las Vegas Sands Corp. (NYSE: LVS)
    Las Vegas Sands is the world's preeminent developer and operator of world-class Integrated Resorts.
  • Our properties include The Venetian Resort and Sands Expo in Las Vegas, and the iconic Marina Bay Sands in Singapore.
  • Sands is dedicated to being a good corporate citizen, anchored by the core tenets of serving people, planet and communities.

eWagering and Online Betting Explodes as Sports Gambling Market Growth Reaches into the Billions

Retrieved on: 
Wednesday, January 19, 2022
Securities Exchange Act of 1934, Research, Annual report, Walt Disney, Private Securities Litigation Reform Act, PALM, NYSE, League, NASDAQ, Sport, League of Legends, U.S. Securities and Exchange Commission, Industry, LLC, DAU, Technology, Form 10-K, COVID-19, NOT, NEVER, NEWS, Tourism, Gambling, Integrated resort, EGLX, LVS, Marketing, Company, Goldman Sachs, FNM, Supreme court, Forward-looking statement, News, EBITDA, ANY, Travel, Growth, Hilltop Holdings Inc., Law of the United Kingdom, IGaming Business, Securities Act of 1933, Acquisition, Karamba, READ, Las Vegas Sands, CEO, Digital, In re Walt Disney Co. Derivative Litigation, MORE, SBET, AGS, Bloomberg News, Security (finance), Online gambling, Video game, Bank

A recent article in Bloomberg.com said that as betting expands, the boundaries that once separated gambling from sports media and professional sports leagues are disappearing.

Key Points: 
  • A recent article in Bloomberg.com said that as betting expands, the boundaries that once separated gambling from sports media and professional sports leagues are disappearing.
  • Digital apps make sports betting possible on mobile devices, which gives it a foothold across America and threatens the business of brick-and-mortar casinos.
  • Goldman Sachs Group Inc. predictsthe online market could reach $39 billion in annual revenue by 2033 up from less than $1 billion today (2021).
  • Sports gambling companies are on pace to make about $4 billion this year; if California legalizes it next year, the market could grow exponentially."

eWagering and Online Betting Explodes as Sports Gambling Market Growth Reaches into the Billions

Retrieved on: 
Wednesday, January 19, 2022
Securities Exchange Act of 1934, Research, Annual report, Walt Disney, Private Securities Litigation Reform Act, PALM, NYSE, League, NASDAQ, Sport, League of Legends, U.S. Securities and Exchange Commission, Industry, LLC, DAU, Technology, Form 10-K, COVID-19, NOT, NEVER, NEWS, Tourism, Gambling, Integrated resort, EGLX, LVS, Marketing, Company, Goldman Sachs, FNM, Supreme court, Forward-looking statement, News, EBITDA, ANY, Travel, Growth, Hilltop Holdings Inc., Law of the United Kingdom, IGaming Business, Securities Act of 1933, Acquisition, Karamba, READ, Las Vegas Sands, CEO, Digital, In re Walt Disney Co. Derivative Litigation, MORE, SBET, AGS, Bloomberg News, Security (finance), Online gambling, Video game, Bank

A recent article in Bloomberg.com said that as betting expands, the boundaries that once separated gambling from sports media and professional sports leagues are disappearing.

Key Points: 
  • A recent article in Bloomberg.com said that as betting expands, the boundaries that once separated gambling from sports media and professional sports leagues are disappearing.
  • Digital apps make sports betting possible on mobile devices, which gives it a foothold across America and threatens the business of brick-and-mortar casinos.
  • Goldman Sachs Group Inc. predictsthe online market could reach $39 billion in annual revenue by 2033 up from less than $1 billion today (2021).
  • Sports gambling companies are on pace to make about $4 billion this year; if California legalizes it next year, the market could grow exponentially."

Online Gambling Industry Projected to Reach an Astonishing $565 Billion Value in 2022

Retrieved on: 
Thursday, January 6, 2022
Bitcoin, Ethereum, Integrated resort, Time, NEWS, Ecosystem, COVID-19, Intelligence, ATVI, SBET, ZNGA, News, Internet, Tourism, AR, Zynga, Gambling, NYSE, Non-fungible token, List of Facebook features, History, Las Vegas Sands, NASDAQ, IGaming Business, Marketing, Blockchain, Patent, Method, LLC, MORE, READ, Travel, YouTube, Technology, Activision Blizzard, LVS, COO, Solution, Industry, PALM, Index, EBITDA, VR, Hulu, Online gambling, Video game, Cryptocurrency, Forte

This trend will resume in 2022, in which the visual quality of games will keep improving even further, aiming to present the players with a genuine online gambling experience that nearly resembles traditional gambling.

Key Points: 
  • This trend will resume in 2022, in which the visual quality of games will keep improving even further, aiming to present the players with a genuine online gambling experience that nearly resembles traditional gambling.
  • These two technologies allow the players to fully immerse themselves in casino games and experience almost real-life gambling.
  • The online gambling industry has significantly progressed and transformed in the last two decades, and it's never going to stop evolving and adjusting to players' interests.
  • 2022 will certainly be the year of many improvements in the online gambling industry, as online casino competition is bigger than ever in history, so many online casinos will do their best to get noticed."

Online Gambling Industry Projected to Reach an Astonishing $565 Billion Value in 2022

Retrieved on: 
Thursday, January 6, 2022
Bitcoin, Ethereum, Integrated resort, Time, NEWS, Ecosystem, COVID-19, Intelligence, ATVI, SBET, ZNGA, News, Internet, Tourism, AR, Zynga, Gambling, NYSE, Non-fungible token, List of Facebook features, History, Las Vegas Sands, NASDAQ, IGaming Business, Marketing, Blockchain, Patent, Method, LLC, MORE, READ, Travel, YouTube, Technology, Activision Blizzard, LVS, COO, Solution, Industry, PALM, Index, EBITDA, VR, Hulu, Online gambling, Video game, Cryptocurrency, Forte

This trend will resume in 2022, in which the visual quality of games will keep improving even further, aiming to present the players with a genuine online gambling experience that nearly resembles traditional gambling.

Key Points: 
  • This trend will resume in 2022, in which the visual quality of games will keep improving even further, aiming to present the players with a genuine online gambling experience that nearly resembles traditional gambling.
  • These two technologies allow the players to fully immerse themselves in casino games and experience almost real-life gambling.
  • The online gambling industry has significantly progressed and transformed in the last two decades, and it's never going to stop evolving and adjusting to players' interests.
  • 2022 will certainly be the year of many improvements in the online gambling industry, as online casino competition is bigger than ever in history, so many online casinos will do their best to get noticed."

Sands China and Community Groups Work Together to Pack 20,000 Hygiene Kits for Clean the World

Retrieved on: 
Thursday, December 16, 2021
University of Saint Joseph, South London Theatre, Clean the World, Company, Pneumonia, Hong Kong Exchanges and Clearing, Venetian Theatre, The Parisian Macao, Tourism, Volunteering, Restaurant, NYSE, Cotai Arena, Children International, World, Las Vegas Sands, COVID-19, Time, Stock exchange, Non-governmental organization, Cotai Water Jet, Cotai, Temperature, The, Cholera, Shanghai Stock Exchange, Safety, Transport, Hygiene, Water, LVS, Longevity, Hand, University, Partnership, Health, Cayman, Diarrhea, Sterilization, Animal, Bottled water, Casino, Sands China, WASH

The initiative helps Clean the World distribute emergency response hygiene kits to assist with on-the-ground, immediate needs in times of crisis and disaster.

Key Points: 
  • The initiative helps Clean the World distribute emergency response hygiene kits to assist with on-the-ground, immediate needs in times of crisis and disaster.
  • To date, Sands China and its community partners have assembled a total of 300,000 kits over eight consecutive years.
  • We are grateful for the volunteers from among our team members and the local community for their time and energy in preparing these hygiene kits, and thank Clean the World for the work they do to safeguard health around the world."
  • They also contain a pack of facemasks and an encouraging message from Sands China and Clean the World.