Las Vegas Sands Plans to Boost Stake in Sands China to Close to 72%
Friday, 13 September 2024, 10:53
Strategic Investment in Sands China
Las Vegas Sands Corp (LVS) is set to boost its stake in Sands China (SCHYY) by a significant $103 million. This acquisition is a part of their broader strategy to solidify market dominance in Asia and includes plans for new developments focusing on the rapidly growing Singapore market.
Future Market Developments
- Increased Presence: Raising the stake will push LVS's ownership closer to 72%.
- Growth Potential: The move showcases LVS's confidence in the Asian gaming market.
- Development Plans: CEO has indicated intentions for expansions in Singapore.
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