2025.10.09
luckyland slots loader25 billion for Venetian and Palazzo, given the properties’ low 2019 EBITDA contributions and depressed valuations on gaming real estate due to the pandemic, there’s some favorable news in this deal for rivals.“Mitigating our favorable view is our thought that this sale removes an opportunity for the company to compete in the expanding US sports betting market,” he wrote in a note today.Sands Convention Center and the Palazzo on the Strip.table games casino alabamaConversely, Morningstar analyst Dan Wasiolek sees LVS’s sale of its Las Vegas assets as a possible hindrance to its domestic sports betting ambitions.Speculation to that effect intensified in January following Adelson’s death.More recently, the company spent millions on lobbying efforts in Texas with hopes of opening a gaming venue in the second-largest state.foxwoods online gamers unite mgm casino appcashman casino apk modMorgan Stanley analyst Thomas Allen points out that as Apollo takes control of day-to-day operations at Venetian and Palazzo, those venues will have less of a connection to Sands’ Macau integrated resorts and MBS.Macquarie analyst Chad Beynon says it’s possible that the company will continue mulling entry into the rapidly growing US iGaming and sports betting segments.“And although Las Vegas Sands can still develop a mobile presence or partner with an existing operator, the aggressive investments made in the space by no-moat peers MGM and Caesars have positioned them to lead in US sports betting.pictures of cliff castle casinoAt this point, we think LVS will be keeping more dry powder, as there could be domestic opportunities on the horizon in ‘new’ gaminchukchansi casino weatherg markets like Texas or New York,” writes Stifel analyst Steven Wieczynski.That’s according to orders posted by the Indiana Gaming Commission on Tuesday.The company suspended the payout last April amid the coronavirus pandemic, crimping its bottom line – something late Chairman and CEO Sheldon Adelson was loathe to do, given his fondness for dividends.el dorado casino reno parking koi seneca niagara casinochukchansi casino to yosemite”Analysts are discussing what the company will do with cash from the sale of those assets.“They might also be keeping dry powder in case larger capital investments are needed in their Asian gaming markets, especially around the Macau concession renewal process that should start next year.“Mitigating our favorable view is our thought that this sale removes an opportunity for the company to compete in the expanding US sports betting market,” he wrote in a note today.Analysts are discussing what the company will do with cash from the sale of those assets.Investments in Asia, other parts of the US, dividend restoration and sports wagering are among the topics analysts are tossing around today.jackson rancheria casino sacramento is running aces open |