Las Vegas Sands Corporation has announced that it has completed the sale of its landmark Las Vegas Strip properties, the Venetian and Palazzo casino resorts and their operations in deals worth a combined $6.25 billion (€5.6 billion).
According to a statement released by the company, guests at both properties and visitors to the Venetian Expo convention center would see very few changes. The statement also confirmed that the names of the properties will remain the same.
George Markantonis, CEO of The Venetian Resort, said the management team will also stay in place:
Las Vegas Sands Confirms Sales of Venetian and Palazzo Casino Resorts“We have an exciting opportunity to build on our past successes while capturing future opportunities.”
Speaking of the sale, Las Vegas Sands Chairman and Chief Executive Officer Robert Goldstein said:
Las Vegas Sands Confirms Sales of Venetian and Palazzo Casino Resorts Las Vegas Sands Confirms Sales of Venetian and Palazzo Casino Resorts Las Vegas Sands Confirms Sales of Venetian and Palazzo Casino Resorts released by Apollo, David Sambur, Apollo Partner and Co-Head of Private Equity said: Las Vegas Sands Confirms Sales of Venetian and Palazzo Casino Resorts