Deals
Las Vegas Sands Discusses Push Into Sports Betting
- Talks involve use of company’s casino brands and other options
- Amid dealing-making frenzy, Sands has no nationwide strategy
Sands has long offered a sportsbook in its flagship Venetian resort in Las Vegas, but that business was outsourced to Cantor Gaming.
Photographer: Roger Kisby/BloombergThis article is for subscribers only.
Las Vegas Sands Corp. has had discussions with potential partners in the fast-growing field of sports betting, setting the stage for a major shift in the company’s strategy, according to people familiar with the situation.
Robert Goldstein, acting chief executive officer, is in the early stages of talks, but plans could involve using the Sands brands or the broader development of a betting platform by the company, said the people, who asked not be identified because the discussions are private.