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Share this article LAS VEGAS, March 3, 2021 /PRNewswire/ Las Vegas Sands Corp. (NYSE: LVS) today announced that it has entered into definitive agreements to sell its Las Vegas real property and operations, including The Venetian Resort Las Vegas and the Sands Expo and Convention Center (collectively, The Venetian ) for an aggregate purchase price of approximately $6.25 billion. Under the terms of the agreement, an affiliate of funds managed by affiliates of Apollo Global Management, Inc. will acquire subsidiaries that hold the operating assets and liabilities of the Las Vegas business for approximately $1.05 billion in cash, subject to certain post-closing adjustments, and $1.2 billion in seller financing in the form of a term loan credit and security agreement, and VICI Properties Inc., will acquire subsidiaries that hold the real estate and real estate-related assets of The Venetian for approximately $4.0 billion in cash. The closing of the transactions is sub ....
Las Vegas Sands Reports Fourth Quarter 2020 Results News provided by Share this article Share this article LAS VEGAS, Jan. 27, 2021 /PRNewswire/ Las Vegas Sands Corp. (NYSE: LVS), the world s leading developer and operator of convention-based Integrated Resorts, while continuing to mourn the loss of its visionary founder, Mr. Sheldon G. Adelson, today reported financial results for the quarter ended December 31, 2020. Mr. Adelson s vision and leadership created Las Vegas Sands and the convention-based Integrated Resort business model that forms the bedrock of the company s success, said Mr. Robert G. Goldstein, Chairman and Chief Executive Officer. His impact will live on through the company s 50,000 team members and the iconic properties he developed around the world. These last few weeks since Sheldon s passing have been difficult for all of us, but his commitment to investing aggressively to build iconic resorts that deliver economic benefits to our ho ....
Las Vegas Sands Announces Executive Leadership Team Robert G. Goldstein Becomes Chairman and Chief Executive Officer; Patrick Dumont Named President and Chief Operating Officer News provided by Share this article Share this article LAS VEGAS, Jan. 26, 2021 /PRNewswire/ Las Vegas Sands has named long-time company executive Robert G. Goldstein chairman and chief executive officer, after having assumed the role as acting chairman and chief executive officer on January 7, 2021. Patrick Dumont has been named president and chief operating officer, and Randy Hyzak will now serve as chief financial officer. Mr. Dumont previously served as executive vice president and chief financial officer, and Mr. Hyzak was chief accounting officer. ....