Projectgamr.com – iGaming move for Las Vegas Sands Corporation,

In a break from its long-held opposition to online gambling and American land-based casino operator Las Vegas Sands Corporation has recently disclosed that it intends to become a strategic investor in digital gaming technologies.’

The Las Vegas-headquartered firm used an official Monday press release to state that it will be building a digital gaming investment team that is to be focused primarily in the business-to-business space

‘The company moreover divulged that its fresh online gaming endeavor will be led by Davis Catlin, who recently joined its ranks after 14 years with independent private investments specialist Sands Capital Management.

Seasoned specialist:

Robert Goldstein serves as the Chairman and Chief Executive Officer for Las Vegas Sands Corporation and he used the press release to explain that Catlin has been leading his previous employers private and public digital gaming efforts for the past decade. However, he declared that the doyen is to now be tasked with providing the casino firm with meaningful opportunities to make investments in hopes of being able to generate significant long-term benefits for the company.’

Read a statement from Goldstein

Las Vegas Sands Corporation is determined to grow its leadership position within the industry and is committed to doing that through strategic steps we think best position the company for future growth. Digital gaming and other related offerings are still very much in the early stages of development and we believe there is an outstanding opportunity for us to invest in the technologies being developed.

Opening opportunities:

In its report on the matter and The Nevada Independent newspaper detailed that the move from Las Vegas Sands Corporation comes as legalized online sportsbetting is available in more than 15 American states following the 2018 invalidation of the previous partial prohibition contained within the Professional and Amateur Sports Protection Act (PASPA). The source also asserted that real-money online casino gaming is currently legal in five American jurisdictions with both of these clubs soon likely to be expanded as jurisdictions look for new and novel ways to fill coronavirus-sized holes in their annual budget deficits.

Ardent antagonism:

The newspaper reported that Las Vegas Sands Corporations latest endeavor is nevertheless surprising as the companys late founder, Sheldon Adelson, was known to have been a fervent opponent of legalized online gambling. The billionaire businessman purportedly spent millions of dollars over the years in hopes of being able to quash the threat of iGaming although he passed away in January at the age of 87 following a fight against non-Hodgkin lymphoma.

Shrinking size:

The Nevada Independent reported that Las Vegas Sands Corporations journey towards iGaming acceptance furthermore comes some four months after the company inked a $6.25 billion deal to sell off its The Venetian Resort Hotel Casino as well as that venues 3,000-room The Palazzo hotel. This arrangement will purportedly see the Nevada firm exit the American casino market altogether to leave it reliant on its remaining properties in the Asian gambling hotspots of Macau and Singapore.

Share On:

Leave a Reply

Your email address will not be published.

Comment

Name*

Notify me via e-mail if anyone answers my comment.

Current [email protected] *Leave this field empty No More Stories

Related Posts

  • SoftSwiss Game Aggregator increases online slots offering via Booongo direct integration deal K Morrison July 13, 2021
  • Denmark gaming regulator changing its rules on bonus availability Adam Morgan July 13, 2021
  • Breaking world casino news

  • Las Vegas Sands Corporation to invest in digital gaming technologies Adam Morgan July 13, 2021
  • SoftSwiss Game Aggregator increases online slots offering via Booongo direct integration deal K Morrison July 13, 2021
  • Allied Esports International Incorporated completes World Poker Tour sale Adam Morgan July 13, 2021
  • Denmark gaming regulator changing its rules on bonus availability Adam Morgan July 13, 2021
  • Bruin Capital Holdings inks agreement to acquire OddsChecker.com Adam Morgan July 13, 2021
  • Latest Stories

  • Las Vegas Sands Corporation to invest in digital gaming technologies Adam Morgan July 13, 2021
  • SoftSwiss Game Aggregator increases online slots offering via Booongo direct integration deal K Morrison July 13, 2021
  • Allied Esports International Incorporated completes World Poker Tour sale Adam Morgan July 13, 2021
  • Denmark gaming regulator changing its rules on bonus availability Adam Morgan July 13, 2021
  • Bruin Capital Holdings inks agreement to acquire OddsChecker.com Adam Morgan July 13, 2021
  • Categories

  • Latest Casino and Gambling News (16147)
    Breaking news, casino openings and closings, plus news concerning legislation and legal issues surrounding both land casinos and online gambling.
  • World Casino News (13929)
    Major international gaming news and updates from around the world, organized by continent
  • Gaming Industry News (10620)
    International gaming industry news: conferences, regulation, laws, employment and major gaming company moves. Covering land based and online gambling
  • Game manufacturers (1099)
    Information on the development of casino games for deployment in brick and mortar casinos.
  • Poker (939)
    Poker tournaments, online poker legislation, poker law and poker news from around the world
  • Lottery (501)
    Major lotteries, lottery companies and lottery news from around the world.
  • The Players Lounge (2795)
    Make the most of your casino dollars, where we store the bonuses and have player oriented news and information
  • Online Gambling News (6194)
    Latest news reports from around the web that pertain to online gambling and casinos.
  • Indepth / Featured Articles (112)
  • Crime (688)
  • Most Commented

  • Alabama-Coushatta Tribe prepares to open casino K Morrison March 1, 2016 29
  • No opening date announced yet for Hollywood Casino Jamul; JIV chairwoman addresses concerns K Morrison August 29, 2016 13
  • Lucky Dragon Hotel & Casino to open just off Las Vegas Strip 2016 Sam Mitchell May 23, 2015 13
  • Alabama-Coushatta Tribe opens Naskila Entertainment near Livingston Texas Lars Jones May 18, 2016 11
  • Suffolk OTB Islandia re-branded as Jakes 58 Hotel And Casino Adam Morgan February 10, 2017 7
  • 2003-2021 WorldCasinoDirectory.com All rights reserved.

  • World Casino News
  • Contact us
  • Powered by