Las Vegas Sands committed to spending $3 billion over the next four years to renovate and expand its flagship Singapore property. He said Sands “has been the one company that has remained committed to getting Texas across the finish line.”īussmann, the managing partner of Las Vegas-based B2 Global, said Sands has “carried the water while others continue to stay on the sideline on the destination resort issue.”įollowing last year’s $6.25 billion sale of The Venetian, The Palazzo and The Venetian Expo, Sands focused on its five Macau resorts and Singapore’s Marina Bay Sands, which combined for $4.1 billion in revenue in 2022 - a 3 percent drop from 2021. Gaming industry adviser Brendan Bussmann said both New York City and Texas have been on the radar of Sands and other major casino operators for more than two decades. “The commentary was brief, (but) Las Vegas Sands reinforced their focus on geographical expansion, with Asia and large-scale domestic opportunities remaining the sole focus,” Santarelli added. “Las Vegas Sands is amongst a long list of interested suitors for the one downstate (New York) license, a license award that we believe is tough to handicap, given the politics involved,” Deutsche Bank gaming analyst Carlo Santarelli wrote in a research note following the company’s fourth-quarter earnings call in January. Victory is not guaranteed in either state. Sands is the primary financial backer of the Texas Destination Resort Alliance (TDRA), a grassroots coalition that is asking lawmakers to allow Texans to vote on a statewide constitutional amendment authorizing the development of destination resorts in Texas’ major cities. Meanwhile, the company has committed to spending millions of dollars to push casino legislation in Texas, one of the largest states without regulated commercial casinos or legal sports betting. Most analysts believe two of the licenses are already spoken for, leaving a high-stakes battle for one lucrative opportunity to locate within reach of more than 20 million people in southern New York and northern New Jersey. Sands is among several Strip and regional gaming operators seeking one of three licenses that would place a multi-billion-dollar casino resort near the nation’s most populous city and within the largest metropolitan region in the U.S. The company is willing to spend billions of dollars in both locations to regain its American foothold.

In the past month, Las Vegas Sands has been linked to potential gaming development opportunities in the New York City area and Texas. Las Vegas Sands, which sold its Strip holdings a year ago and is now an Asia-centric company with casino resorts in Macau and Singapore, wants to get back into the U.S.

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