Las Vegas Sands has decided to invest in its Asian business. That’s why it has announced to sell its most popular Venetian Casino with a deal of $6.25bn (£4.5bn). The death of chief executive and Chairman Sheldon Adelson was verily sad news for the entire Sands empire. However, the news came after two months of his death. Sands now aims to enlarge its business in Macau and Singapore with the revenue it got from selling Venetian.
At present, David Beckham is helping to build the gaming hub in Macau with a London-theme. Macau and Asia’s revenue helps for the growth of Las Vegas activities, and Mr. Adelson pushed hard for it. There are conversations about selling Las Vegas properties before his death.
The new Chairman and chief executive Robert Goldstein said that their company’s primary purpose is its development. They see meaningful opportunities with it. The growth in Singapore and Macau is their immediate attention, but Asia will consider the backbone of their company as before. The luxury Palazzo hotel and the Sands Expo Convention Center are also included in the Venetian complex.
The Londoner
Due to the COVID-19 pandemic, a large number of tourists has dropped in Macau. Sand hopes that his latest project Londoner in Asia will win back a considerable number of tourists. This new project comes with a value of $2bn.
David Beckham designed the featured suits for The Londoner Hotel. Besides this, it’s waiting to arrive at a Gordon Ramsey restaurant later in 2021. The Londoner will also come with a 96-meter sky-high cloned Big Ben, an atrium inspired by Crystal Palace, and a copy of the Eros fountain.
Marina Bay Sands and Macau try to recover the gambling hub from the COVID-19 downturn by betting in Singapore. The city is aimed to host ‘Beyond.’ It is a technology event similarly modeled like the grand CES trade show hosted in Las Vegas. Benoit Badufle is a tourism expert and works at Horus consulting firm. He said that casino operators are making a great significance in lifestyle via large-scale entertainment and tourist attractions.
