At least change the name: Shortly before his death, Jewish gambling mogul Sheldon Adelson – who died Jan. 12 – said he was considering selling the property he owns in the U.S. gambling capital, which is Las Vegas. So now it’s official, after the family company, Las Vegas Sands (LVS), announced that it had sold all of the company’s operations in Las Vegas, including the Venice Hotel, for $ 6.25 billion.
The market loves the news and the stock is up 3% in the pre, when it reported that the buyers are to the investment company Apollo Global (APO) and Vichy Holdings. As of this writing, the Apollo stock is up more than 2%.
Last October it was reported that Adelson was considering eliminating casino operations in Las Vegas, after its share of the company’s revenue was reduced to about 15% and due to regulatory costs. On the other hand, it was reported that the group is considering starting operations in New York, and there is also a plan to expand to Japan and build a new hotel in Singapore.
As you may recall, Adelson died after a long battle with cancer, and died at the age of 87, just a week after announcing his illness to the world. The Adelson family is known as one of the biggest contributors to the Republican Party, and according to CNBC, only in the last line of the Trump election campaign did the party flow between $ 20 million and $ 50 million.
The Las Vegas-Review Journal has recently called on Trump to step down and accept his loss. The day after Trump, who also happens to be the day after Adelson, it is his widow Miriam who will determine at the end of the day who the next players from the Republican Party will choose to cultivate.
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