• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Wednesday 16 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Dr Miriam Adelson to sell 10% of Las Vegas Sands stake to fund acquisition of US sports franchise

Ben Blaschke by Ben Blaschke
Wed 29 Nov 2023 at 06:16
Dr Miriam Adelson pens heartfelt tribute to husband Mr Sheldon Adelson on his passing

Sheldon Adelson and Dr Miriam Adelson at the opening of Sands Cotai Central in Macau in 2012.

66
SHARES
1.7k
VIEWS
Print Friendly, PDF & Email

Dr Miriam Adelson, the majority shareholder of global gaming giant Las Vegas Sands Corp, is planning to sell US$2 billion of her shares in the company, equal to around 10% of her stake, in order to acquire a professional sports franchise.

LVS, which operates Singapore’s Marina Bay Sands and holds a controlling interest in Macau concessionaire Sands China Ltd, announced the proposed secondary public offering by Dr Adelson and The Miriam Adelson Trust early Wednesday (Asia time).

While LVS noted it will not receive any proceeds from the sale of the shares, the company said it does intend to repurchase up to US$250 million of the shares being offered. LVS recently confirmed it would look to buy back a total of US$2 billion of its own shares between now and 2025.

According to details contained within the prospectus, LVS expects to acquire 5,148,270 shares at a price of US$48.56 per share.

It added, “We have been advised by the Selling Stockholders that they currently intend to use the net proceeds from this offering, along with additional cash on hand, to fund the purchase of a majority interest in a professional sports franchise pursuant to a binding purchase agreement, subject to customary league approvals.”

No details on which franchise this refers to have yet been forthcoming.

Dr Adelson currently holds a 56% interest in LVS worth around US$20 billion, much of it inherited following the passing of LVS founder Sheldon Adelson in 2021.

RelatedPosts

Nevada’s 440 casinos closed as Governor issues unprecedented shut down of all non-essential businesses

IAG’s sister company CDC Gaming launches 4th annual “10 Women Rising in Gaming” alongside Global Gaming Women

Wed 9 Jul 2025 at 06:15
IGT, Scientific Games help boost AGEM Index in December

Konami, Aristocrat lead strong gain for AGEM Index in June

Tue 8 Jul 2025 at 05:44
Abbiati targeting North and South American markets via strategic alliance with Hawkins Holdings

Abbiati targeting North and South American markets via strategic alliance with Hawkins Holdings

Wed 2 Jul 2025 at 09:39
Apollo completes acquisition of IGT gaming and digital businesses and Everi, new entity to trade under IGT name

Apollo completes acquisition of IGT gaming and digital businesses and Everi, new entity to trade under IGT name

Wed 2 Jul 2025 at 06:28
Load More
Tags: Dr Miriam AdelsonLas Vegas SandsNorth AmericashareholdingSheldon Adelson
Share26Share5
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Corona shines

Vietnam eyes permanent exemption allowing casino gambling for locals in Phu Quoc

by Ben Blaschke
Tue 15 Jul 2025 at 17:00

In a move that would mark a substantial shift in national policy, Vietnam is said to be considering a permanent lifting of restrictions on locals gambling at Phu Quoc’s Corona Resort & Casino. According to a report by VietnamNet, Deputy...

New Zealand’s Online Casino Bill passes first parliamentary reading

New Zealand’s Online Casino Bill passes first parliamentary reading

by Ben Blaschke
Tue 15 Jul 2025 at 13:59

New Zealand’s Online Casino Bill, which seeks to legalize and regulate online casino gaming, has passed its first reading in Parliament. The government reiterated via a statement issued Tuesday that the bill is aimed at protecting the many players who...

Starr Xian: Human Factor

China’s GDP grows 5.3% in first half of 2025, in line with expectations

by Pierce Chan
Tue 15 Jul 2025 at 12:30

China’s National Bureau of Statistics has released figures showing that Gross Domestic Product (GDP) grew 5.3% year-on-year in the first half of 2025, in line with market expectations. Sheng Laiyun, Deputy Director of the National Bureau of Statistics, said at...

Casinos Austria hit with fine for unlawful use of junket agent at Cairns casino

Hospitality firm Iris Capital formalizes US$116 million offer to acquire Australia’s The Reef Hotel Casino

by Newsdesk
Tue 15 Jul 2025 at 06:08

Reef Casino Trust, the operator of Australia’s The Reef Hotel Casino in Cairns, said Monday that it has entered into a Takeover Bid Implementation Agreement that will, if completed, see the property acquired in full by hospitality group Iris Capital...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English