The post Las Vegas Sands Ends Online Gambling Experiment, Cutting Up to 400 Jobs appeared first on Vegas Slots Online News.
Las Vegas Sands is shuttering its digital gaming project, Sands Digital Services, and with it, between 300 and 400 jobs. The original plan when starting in 2023 was to create a live dealer game studio experience that it could then offer to operators in North America’s legal iGaming market.
founder Sheldon Adelson was always against the company entering the online gaming space
Las Vegas Sands President and Chief Operating Officer Patrick Dumont explained that executives decided last week when assessing the “most pragmatic” way to proceed. They concluded that the path of online gaming was “no longer aligned” with the company’s long-term objectives. Company founder Sheldon Adelson was always against the company entering the online gambling space. This changed when Robert Goldstein took over as CEO after Adelson’s death in 2021.
The focus will remain on land-based casinos in Macau and Singapore, where it has invested heavily in recent years, including an $8bn plan unveiled in October 2024 to renovate and expand the Marina Bay Sands. It hasn’t operated any venues in the US since selling The Venetian, Palazzo, and Sands Expo & Convention Center in Las Vegas for $6.25bn in February 2022. While it has lobbied hard in states like Florida and Texas to legalize casinos, it hasn’t made much progress.
The post Las Vegas Sands Ends Online Gambling Experiment, Cutting Up to 400 Jobs appeared first on Vegas Slots Online News.
