After Leaving Las Vegas, Sands Wants to Set Up Shop in Texas

After Leaving Las Vegas, Sands Wants to Set Up Shop in Texas
Rich Duprey, The Motley Fool
·2 min read

Las Vegas Sands (NYSE: LVS) sold the last vestiges of its Las Vegas casino empire last month, supposedly to go all-in on the Asian gambling market. Despite president and CEO Rob Goldstein said he saw Vegas as still having "plenty of gas in the tank" for growth, the casino operator seems to be getting out of Dodge and hoping to expand in Texas and elsewhere. Sands is unveiling TV and radio ads in Texas today that argue the "billions of tourism and gambling dollars" that leave the state each year for casinos in neighboring Arkansas, Louisiana, New Mexico, and Oklahoma should remain in the state.