Las Vegas Sands Corp. confirmed that the company is in “very early discussions” to sell its Las Vegas assets but that “nothing has been finalized.” According to Bloomberg News the Sands Corp is seeking a buyer with $6 billion for it’s Las Vegas Operation.

               The Sands Corp operates The Venetian, Palazzo and the Sands Expo and Convention Center, a multibillion-dollar integrated resort complex located the center of the Las Vegas Strip. Sands also has teamed up with Madison Square Garden to invest in the $1.66 billion MSG Sphere project, located east of the Sands Expo Center at The Venetian and set to open in 2023.

                The Las Vegas’ economic recovery from COVID appears long and uncertain and one that the Sands Corp isn’t willing to wait with it’s most lucrative properties in Asia. The Sands operates hotel-casinos in Singapore and the Chinese special administrative region of Macao.
                In 2020 earnings calls, the Las Vegas-based company has signaled a continued commitment to the Asian market, which is expected to recover from the pandemic faster than its Las Vegas counterpart.
               Sands’ operations in Macao and Singapore each generated more revenue in the third quarter than its Las Vegas assets. Its Macao properties generated combined revenue of $167 million and its Singapore asset reported $281 million, while its Las Vegas properties brought in $152 million, according to filings with the U.S. Securities and Exchange Commission.