Las Vegas Sands (LVS) plans to expand its business and invest in digital gaming technologies, focusing primarily on the business-to-business sector.
LVS is forming a new digital game investment team, which will be led by Davis Catlin, who has led an investment firm for more than a decade and has experience in both public and private aspects of digital games.
“Sands is determined to increase its leadership position in the industry and is committed to doing so through strategic steps that we believe will better position the company for future growth,” said Las Vegas Sands CEO Robert Goldstein.
Goldstein further stated that “digital games and other related offerings are still in the early stages of development and we believe there is an excellent opportunity for us to invest in the technologies that are being developed.”
The LVS CEO added: “We believe that our company’s platform, experience and financial resources, together with the investment team led by Davis, will provide great opportunities to make investments that will generate significant long-term benefits for the company.”
Goldstein emphasized that the operator is willing to make this a long-term investment. Furthermore, he revealed that this branch should “generate significant returns for the company and its shareholders”.
Earlier this year, the company sold its Las Vegas properties for $6.25 billion and shifted its focus to the Asian market, claiming Asia has become the hub of operations for Las Vegas Sands, with headquarters in Macau and Singapore.
With the new funds available, the organization said it is interested in new investment opportunities, including iGaming and similar digital businesses.
About Las Vegas Sands
As the world’s leading developer and operator of integrated resorts, the company has driven high-value business and leisure tourism in North America and Asia. Since 1990, the group has sought to challenge conventional thinking in the hospitality industry to transform regions with its innovative ventures.
