Las Vegas Sands invests proceeds from sale of assets in Asian markets

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Las Vegas Sands management said the proceeds from the sale of the Las Vegas assets will be used by the company to further expand its influence in Asian markets. According to CEO Rob Goldstein, the company plans to increase its share of capital in the markets of Macau and Singapore. Las Vegas Sands operates Singapore’s Marina Bay Sands and recently committed to spending $3.3 billion to expand it, including a new hotel and arena. In Macau, the company owns a 10-storey gambling and hotel complex Sands Macao. Las Vegas Sands is confident that they will receive permission to continue operations. Recall that Las Vegas Sands is selling its assets in Las Vegas for $6.25 billion.

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