In stunning news out of the NBA, Mark Cuban is selling a majority stake in the Dallas Mavericks to Miriam Adelson, wife of the late Sheldon Adelson, and the Adelson family. Adelson, who is the controlling shareholder of the Las Vegas Sands Corp., is selling about $2 billion of Sands stock to fund the purchase.… Read more »
As the competition heats up for the three retail casino licenses in New York City, so does the opposition to Las Vegas Sands’ site proposal. In an open letter, the Trustees of Hofstra University expressed their disdain for LVS’ plan to build a casino in the area around Nassau Veterans Memorial Coliseum, known as the… Read more »
Las Vegas Sands has exited the city it was named after. On Wednesday, the company announced that it has sold all of its property in the city, including the famed Venetian Resort Las Vegas and the Sands Expo and Convention Center for $6.25 billion. Taking ownership of the real estate will be real estate investment… Read more »
Built a fortune from scratch Sheldon Adelson, the founder of Las Vegas Sands Corporation and online poker’s top villain, died Monday at the age of 87. Adelson had been battling non-Hodgkin’s lymphoma, a form of blood cancer, since 2018. Just a few days ago, Las Vegas Sands announced that he was taking a leave of… Read more »
MGM Growth Properties, a real estate investment trust (REIT), indicated on Monday that it could be interested in acquiring another property on the Las Vegas Strip. During a third quarter earnings call, CEO James Stewart said that his company was definitely looking to expand, but only with large casino properties that would “move the needle.”… Read more »
Mask use is mandatory at casinos With COVID-19 cases continuing to escalate in the United States, casino operators appear to be taking at least one safety measure very seriously. Caesars, Las Vegas Sands, and MGM Resorts International have all reportedly told their employees to wear protective face masks or find somewhere else to work. According… Read more »
