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Thread: Venetian Las Vegas may be up for sale

  1. #1
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    Default Venetian Las Vegas may be up for sale

    The word on the street, is that Sands LLC, the owner of the Venetian/Palazzo Vegas and the Venetian Macau and Marina Bays Sands in Singapore, is looking to sell off their Vegas operations (which would include the hotels and the Sands Expo Center).

    Two real estate investment trusts express interest in purchasing Las Vegas Sands - Eater Vegas

    The six billion dollar price tag may however be prohibitive in this coronavirus pandemic environment, especially given that Conventions in Vegas - the mainstay business of the Sands Expo Center - are currently nonexistent.

    A possible buyer is Penn National Gambling, a small presence in Vegas that currently owns the M Resort and recently sold off the Tropicana under a leaseback arrangement, but that owns or operates 39 gaming racing facilities nationwide.
    Last edited by mdawg; 12-25-2020 at 06:46 PM.

  2. #2
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    Adelson just died. All the more reason I suppose for Venetian Vegas to now change hands.

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