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armenia casino golden palace, and Penn National Gaming Inc.Case for Full Divestment Is StrongA sale-leaseback with a landlord would enable LVS to maintain a presence in the largest domestic gaming center.Under a sale-leaseback, the current property owner sells real estate to a new landlord for an upfront sum.GLP, the smallest of the trio of casino landlords, doesn’t appear interested in increasing its Las Vegas footprint.FanDuel is expected to open a temporary book at Bally’s before the end of this year, so the property isn’t without that amenity to service the Garden State’s sizzling sports wagering market.Bernstein analysts believe Sands could engage a gaming REIT for a sale-leaseback transaction, a deal structure that’s becoming increasingly common in the industry.casino360