Tag: Rob Goldstein

Las Vegas Sands executives affirmed the company’s properties in Macau and Singapore will drive its future, speaking during the firm’s Q2 earnings call, although they did not rule out pursuing new land-based venues in the US.

While it has recently sold off its assets in Las Vegas, Sands is still looking at gambling expansion opportunities in New York and Texas.

With online gaming and further expansion in Asia on the cards, Edward Lowton ponders the various possibilities for Sands as the company moves on to greener pastures following the $6.25bn sale of its Las Vegas properties.

Las Vegas Sands has sold the Venetian and Palazzo resorts and the Sands Expo and Convention Center to privateequity firm Apollo Global Management and real estate investment trust Vici Properties.

Speaking during his first earnings call since taking the helm, Las Vegas Sands new chairman and CEO Rob Goldstein said the company is looking at potential expansion opportunities in the US, and is also open to sports betting and iGaming.

Las Vegas Sands has set its sights on Dallas as the company lobbies for the legalisation of casinos in the Lone Star State. However, the firm could face an uphill climb, with lieutenant governor Dan Patrick stating that pro-gambling measures will not “see the light of day” this legislative session.

Part of Sands’ ongoing investment in Asia, The Londoner Macao, a $2bn redevelopment of Sands Cotai Central, is on track to launch in February. Meanwhile, over in the US, Sands is is looking at selling its Las Vegas assets.

Sands shrugged off an underwhelming Q2 in Macau, with the company’s president and COO Rob Goldstein focusing on the firm’s plans to expand its..