(CNN Business) – Las Vegas Sands Corp., the company of casinos and tourist lodges founded by the Sheldon Adelson branch, will sell its homogenous property and sell its properties in Nevada for as much as US $ 6,250 million dollars.
Apollo Global Management and Vici Properties are a partnership for the Venetian, a 7,000-resort resort in the Las Vegas Strip, and the Sands Expo and Convention Center. Apollo pays US $ 2,250 million for the Venetian operating company. Vici will buy the land and the real estate assets for the remaining US $ 4,000 million.
The private equity firm Apollo says the deal is a major hit in Las Vegas. Allí, the figures of tourism and the negotiation of the conferences cayeron de manera drastica the year passed due to the pandemic. “This inversion also subverts our conviction of a strong recovery of Las Vegas while the vacancies mark the beginning of a repertoire of the ocean and the roads in the United States and everywhere in the world,” he said.
Las Vegas Sands accepts the number of Sands as a consequence of its Las Vegas health. In a press release, the Adelson company said that the change was “agridulce”. We also hope that the aid will be concentrated in markets with a rapid growth like Asia.
“The Venetian changed the future of the future development of casinos and consolidated Sheldon Adelson’s legacy as one of the most influential figures in the history of the gaming industry and the hospital,” said Sands chief executive Robert Goldstein. The complex opened in 1999, which helped the company transform into the largest casino company in the world.
Hubo reportedly reported that Adelson was considering selling his properties in Las Vegas before his death in January. The properties of Sands in the United States will represent only more than 13% of its start-ups in 2019. While these, the most successful properties in Singapore and Macao will be converted into the main well-being of start-ups.
Sands’ shares split at least 3% in market operations at the opening of markets.