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Why Las Vegas Sands Is Leaving Las Vegas

Author Bio
Travis Hoium has been writing for fool.com since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things. Follow @TravisHoium
It s official!
Apollo
Global Management (NYSE:APO) and its affiliates for the staggering sum of $6.25 billion. The deal pulls in
VICI Properties (NYSE:VICI), which will acquire the real estate, but it s notable because Las Vegas Sands is now exiting the U.S. market.
This follows months of rumors that the Las Vegas properties were up for sale and solidifies Las Vegas Sands complete focus on Asia. After selling a property in Bethlehem, Pennsylvania, in 2019, the company won t have any U.S. operations left once the Apollo sale goes through. And that might be in the best interests of shareholders. ....

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First Circuit Rejects DOJ's Expansive View of Wire Act | White & Case LLP

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On the first day of the Biden administration, the US Court of Appeals for the First Circuit confirmed that state-run intrastate online lotteries may continue to operate, consistent with the US Department of Justice s guidance during the Obama administration, which the DOJ had withdrawn and reversed in 2018.
2 Forty-five states, the District of Columbia, Puerto Rico, and the US Virgin Islands have authorized lotteries, as well as New Hampshire, whose lottery commission was a claimant in the First Circuit case. The First Circuit s opinion gives comfort to those state-run lotteries already operating online, as well as their service providers around the world, to continue operating without fear of criminal exposure under the 1961 Wire Act. In addition to removing that significant criminal enforcement risk, the decision may signal momentum for significant growth in the gambling industry despite some continuing limita ....

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Will iPoker Legalization Go Forward With Adelson Gone?

Will online poker legalization in America move forward now that its biggest opponent Sheldon Adelson is no more? ....

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A Look at Sheldon Adelson's Gambling Industry Legacy

Adelsonâs opposition to online gaming, including his infamous
Coalition to Stop Internet Gambling, made him a villain amongst the online poker community, and his highly-publicized political contributions proved polarizing. On the flip side, he was a noted philanthropist who supported many worthy causes such as drug rehabilitation clinics.
In this piece,
PokerNews takes a look back at Adelsonâs foray into the industry, how he helped shape it, and where things stand with the
Las Vegas Sands Corp. at the time of his death.
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Sheldon Adelson's Politics: A Decade of Attacking Online Poker

Sheldon Adelson means the end of a war, one between Adelson and online poker.
For about 10 years, Adelson fought tooth and nail, wielding his limitless resources attempting to put a stop to the legalization of online poker. He was the driving force behind bills put forth to block it, he contributed millions of dollars to the campaigns of politicians who tried reversing its momentum, and he even may have successfully overturned the very thing that allowed it to happen in the first place.
As he goes to rest aged 87 after complications from the treatment of non-Hodgkin lymphoma, it s a fitting time to look back on the machinations the high-profile casino owner set forth across the past decade in his crusade. ....

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