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Las Vegas Sands to sell Vegas properties for about $8.3 bil in sharper Asia focus

Reuters
Reuters3/3/2021 10:59 PM GMT+08  • 2 min read
Las Vegas Sands to sell Vegas properties for about $8.3 bil in sharper Asia focus
The sale comes just two months after the death of founder Sheldon Adelson
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Las Vegas Sands, founded by late billionaire and casino mogul Sheldon Adelson, said on Wednesday it would sell its Vegas properties for about US$6.25 billion ($8.32 billion) to focus on Asia, home to the world’s largest gambling hub, Macau.

The sale comes just two months after the death of Adelson, who transformed Las Vegas Sands into the world’s largest casino and filled his gambling hubs with trendy restaurants and shops, making them luxury destinations for business travelers and tourists alike.

The gambling industry, which thrives on air travel and large groups of people in close proximity, has been one of the hardest hit amid the ongoing Covid-19 pandemic.

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