Las Vegas Sands Corp. (NYSE: LVS) today announced it has completed the approximately $6.25 billion sale of The Venetian Resort (The Venetian, Palazzo and Venetian Expo) to affiliates of Apollo Global Management, Inc. and VICI Properties Inc.
Net revenue was $857 million, compared to $446 million in the prior year quarter. Operating loss was $316 million, compared to $523 million in the prior year quarter.
Net revenue was $1.17 billion, compared to $62 million in the prior year quarter. Operating loss was $139 million, compared to $757 million in the prior year quarter.
Generating Positive Adjusted Property EBITDA in Macao and Singapore - Pandemic-Related Travel Restrictions and Reduced Visitation Continue to Impact Financial Results
Las Vegas Sands Corp. (NYSE: LVS) today announced that it has entered into definitive agreements to sell its Las Vegas real property and operations, including The Venetian Resort Las Vegas and the Sands Expo and Convention Center for an aggregate purchase price of approximately $6.25 billion.
Robert G. Goldstein Becomes Chairman and Chief Executive Officer; Patrick Dumont Named President and Chief Operating Officer
Las Vegas Sands issued the following statement announcing the death of company Chairman and Chief Executive Officer Sheldon G. Adelson
The companies' boards of directors have named Robert G. Goldstein, currently Las Vegas Sands' president and chief operating officer, as acting chairman and acting chief executive officer of both organizations while Mr. Adelson is on medical leave.
Net revenue was $586 million, a decrease of 82.0% from the prior year quarter. Operating loss was $610 million, compared to operating income of $899 million in the prior year quarter. Net loss in the third quarter of 2020 was $731 million, compared to net income of $669 million in the third quarter of 2019. Consolidated adjusted property EBITDA was $(203) million, compared to $1.28 billion in the prior year quarter.
After a nearly three-month closure, The Venetian Resort opened both the Venetian and Palazzo towers on June 4.