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The Sands Hotel and Casino was a historic American hotel and casino on the Las Vegas Strip in Paradise, Nevada, United States, that operated from 1952 to 1996. Designed by architect Wayne McAllister , with a prominent 56-foot (17 m) high sign, the Sands was the seventh resort to open on the Strip.
Las Vegas Sands Corp. is an American casino and resort company with corporate headquarters in Las Vegas, Nevada, United States. It was founded by Sheldon G. Adelson and his partners out of the Sands Hotel and Casino on the Las Vegas Strip. The Sands was demolished and redeveloped as The Venetian, opening in 1999.
It is part of the Venetian and Palazzo resort complex, owned by Vici Properties and operated by Apollo Global Management. The convention facility was developed by Las Vegas Sands and opened as the Sands Expo on November 9, 1990. It was built as part of the Sands Hotel, since replaced by the Venetian. The Sands Expo was renamed the Venetian Expo ...
So if we add $1.0 billion to Las Vegas Sands' EBITDA, we would get a EV/EBITDA ratio of 9.8 if we included that resort. This is just an estimation, but it does show that valuation is very similar ...
Carl Cohen (February 15, 1913 – December 26, 1986), [1] was an American executive in the gambling resort industry in Las Vegas, Nevada, in the 1940s through 1970s and is credited with playing an important role in the development of Las Vegas as a premier resort destination.
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Las Vegas Sands, a company founded by businessman Sheldon Adelson, purchased the Sands resort in 1989. [2] [3] Adelson eventually devised plans to replace the aging resort, which he felt was no longer competitive with newer properties. [4] The Sands closed in June 1996, and was demolished five months later to make way for the Venetian. [5]
The Las Vegas Strip is a stretch of Las Vegas Boulevard in Clark County, Nevada, that is known for its concentration of resort hotels and casinos. The Strip, as it is known, is about 4.2 mi (6.8 km) long, [1] and is immediately south of the Las Vegas city limits in the unincorporated towns of Paradise and Winchester, but is often referred to simply as "Las Vegas".