Las Vegas Sands Creates Digital-Gaming Investment Team
12 Juli 2021 - 1:46PM
Dow Jones News
By Dave Sebastian
Las Vegas Sands Corp. said it is building a team to invest in
digital-gaming technologies focused on the business-to-business
space.
The team will be led by Davis Catlin, who is joining the casino
operator after 14 years with an investment firm, Sands said
Monday.
"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," Chairman and Chief Executive Robert Goldstein said.
The company in March agreed to sell its Las Vegas properties to
Apollo Global Management Inc. and a real-estate investment trust
for about $6.25 billion as the company exited the gambling hub to
focus on its core Asia operations.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
July 12, 2021 07:37 ET (11:37 GMT)
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