Casino City’s Friday Five: Las Vegas Sands sell off edition

5 March 2021

Sheldon G. Adelson, former chairman and CEO of Las Vegas Sands, passed away nearly two months ago and the company is making some drastic changes. Before we dive into that, we also have a slots tournament at Intertops Poker, a massive jackpot win in Indiana, impressive debut sports betting numbers for Virginia and a ground breaking set to take place on a new California casino property.

Let’s start with some slot play:

5. March slots tournament at Intertops Poker
Through Monday, everyone at Intertops Poker that plays the Golden Horns, Dragon & Phoenix, Dim Sum Prize and Bamboo Rush slots earn tournament points.

At the end of the tournament, 16 players with the most points will split $2,000.

"I won $80 once. And $40 another time," said one regular player. "I'm determined to win that $400 first prize one of these days!"

4. Four Winds South Bend awards $1.5 million jackpot
A guest from Bremen, Indiana won a $1,573,328.40 progressive jackpot on Monday, 1 March, at Four Winds South Bend.

The winner, who chose to remain anonymous, won the progressive jackpot playing a Dancing Drums Explosion slot.

The progressive slot machine is now reset for another winner to take home a $1 million progressive jackpot.

3. Virginia’s sportsbooks impress with $60 million debut in January
Virginia's sportsbooks are off to an impressive start after collecting nearly $60 million in wagers in the first 11 days after the market launched on 21 January. That is the second-highest monthly total in U.S. history for any state in its first month of legal sports betting, according to PlayVirginia.

Only neighboring Tennessee, which drew $131.4 million in bets in the 30 days after launching on 1 November, generated more than Virginia in its debut month, though Virginia topped Tennessee's per-day total.

Virginia's sportsbooks won $3.6 million in gross gaming revenue in January. But with an expectedly heavy early promotional push, three of Virginia's four sportsbooks lost money. That put combined adjusted gaming revenue at a $3.2 million loss. However, PlayVirginia expects will grow to generate some $5 billion in annual bets at maturity.

2. Construction on Boyd Gaming’s Elk Grove property to begin next week
Boyd Gaming Corporation and the Wilton Rancheria Tribe announced plans this week to break ground on the tribe's gaming resort in Elk Grove, California, on 9 March, with construction commencing shortly thereafter.

The property will be the closest casino to both Sacramento and the south Bay area and is scheduled to open to the public in the second half of 2022.

The casino will feature up to 2,000 slot machines, more than 80 table games and food and beverage offerings featuring local and regional brands from across Northern California.

1. Las Vegas Sands to sell Venetian, Palazzo and Convention Center
Less than a month after the passing of Las Vegas Sands President and CEO Sheldon Adelson, there was a sudden change in philosophy as the new CEO began to steer the company toward online gambling and digital betting.

More drastic changes were announced on Wednesday when Las Vegas Sands unveiled the news that it entered into definitive agreements with Apollo Global Management and VICI Properties to sell its Las Vegas real property and operations, including The Venetian Las Vegas and the Sands Expo and Convention Center for an aggregate purchase price of approximately $6.25 billion.

Sands executives said that while selling The Venetian, the property that helped establish Sheldon Adelson and his company at the top of the gaming industry, will be bittersweet, the opportunities for the company to pursue new growth prospects are robust.

"The Venetian changed the face of future casino development and cemented Sheldon Adelson's legacy as one of the most influential people in the history of the gaming and hospitality industry. As we announce the sale of The Venetian Resort, we pay tribute to Mr. Adelson's legacy while starting a new chapter in this company's history," said Las Vegas Sands Chairman and Chief Executive Officer Robert Goldstein.

Related Links
Boyd Gaming Corporation Gaming Vendor Information
Everygame Poker Site Details
Dragon & Phoenix Online Slot
Bamboo Rush Online Slot
Dim Sum Prize Online Slot
Golden Horns Online Slot
The Venetian Las Vegas Details
Four Winds South Bend Details

Featured Vendors
Casino Schedule Ease
Rymax Marketing Services, Inc.
Casino Schedule Ease
Get a 90-Day Free Trial of 100% contactless, customizable table game & full casino scheduling
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
TOP ONE TECH LIMITED
Talisman Group Creators of EZ Baccarat
TOP ONE TECH LIMITED
GLOBAL TOUCH SOLUTION PARTNER OF CHOICE,10+ years OEM manufacturing,100+ thousand units application
Talisman Group Creators of EZ Baccarat
With over 800 tables in 150+ casinos, EZ Baccarat is the number one brand in baccarat.
Imagine This
.Dot-iGaming.com
Imagine This
Imagine This #1 Source for Player Gifts. Over $50 million in stock ready to ship! Let us serve you!
.Dot-iGaming.com
Fully loaded advanced casino platform. One time (low) fee, 100% your property, start now!
Casino City Press
Broadband Hospitality
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
Broadband Hospitality
Improve these critical guest-facing amenities: In-room TV, Wi-Fi, Mobile App. Priced right. All here
Sunkist Graphics, Inc.
AmericanChecked
Sunkist Graphics, Inc.
Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more
AmericanChecked
Background checks for the gaming industry with key & non-key packages & fingerprinting solutions
Global Gaming Expo (G2E)
Betson Imperial Parts & Service
Global Gaming Expo (G2E)
The largest gathering of global, commercial and tribal gaming professionals in North America.
Betson Imperial Parts & Service
Your one stop shop for all your gaming and OEM needs!
Slot Machines Unlimited
Oklahoma Indian Gaming Association (OIGA) Conference
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
Oklahoma Indian Gaming Association (OIGA) Conference
The biggest little show in Indian gaming! Save the date: Aug 9-11, 2022 in Tulsa!
Kallop
Plastic Card ID
Kallop
Reward every play like a VIP with exclusive luxury brands at affordable prices.
Plastic Card ID
The World’s Lowest Prices on Printed Plastic Cards and Card Printers!
TDN Money Systems
Casino Network
TDN Money Systems
Cage, cash/chip handling experts representing CountR, ARCA, AccuCASH, Fujitsu & NCR
Casino Network
20+ years experience selling refurbished slot machines, parts & glass for all major brands


Your Guide to 15,358 Gaming Industry Suppliers