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The Las Vegas Sands Corp. is selling its signature hotel, The Venetian Resort Las Vegas, and leaving the Strip.
Las Vegas Sands Corp. is selling the hotel along with the Sands Expo and Convention Center for about $6.25 billion, the company announced this week. Robert Goldstein, the group s chairman and chief executive officer, said while the Venetian changed the face of future casino development, the company now plans to shift its focus to its properties in Asia, including the famed Marina Bay Sands in Singapore. This company is focused on growth, and we see meaningful opportunities on a variety of fronts, Goldstein said in a statement. Asia remains the backbone of this company and our developments in Macao and Singapore are the center of our attention. We will always look for ways to reinvest in our properties and those communities. There are also potential d