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The firm announced plans to invest in digital gaming applied sciences, something Adelson had beforehand labored arduous to oppose, and later agreed to sell its Vegas-primarily based properties for $6.25bn. LVS first established itself on the Strip in 1988 when founder Sheldon Adelson bought the Sands Hotel Casino for $110m. Last January, however, Adelson passed away on the age of 87, and it seemed to mark an immediate shift within the company’s focus. Although Las Vegas casinos will remain iconic symbols of the global business, the agreements seem to mark the end of an era for the gambling hub.
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