# Sheldon Adelson’s Las Vegas Sands may sell its holdings on Strip
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Sheldon Adelson’s Las Vegas Sands may sell its holdings on Strip
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Sale price for Venetian and Palazzo casinos and Sands Expo and Convention Center could be more than $6 billion
The Palazzo Las Vegas and The Venetian Las Vegas are seen in May in Las Vegas, Nev.
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Casino mogul Sheldon Adelson’s Las Vegas Sands Corp. is considering a sale of its Las Vegas Strip operations, including two resorts and a huge convention hall, a company spokesman said.
The company is in early discussions and no final decision has been made, said the spokesman, Ron Reese.
The company generates most of its revenue in the Chinese gambling enclave of Macau and in Singapore. Sands
LVS,
has a stock-market value of $38.7 billion.
The possible sale comes as the Las Vegas gambling industry struggles to recover from the COVID-19 pandemic and the resulting economic downturn.
An expanded version of this report appears on WSJ.com.
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