Sands Macao looking for buyer?
April 27, 2009
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Company reportedly considering selling the nongaming space of its Macau
casino properties for $1.3 billion in what is being called a potential sale-leaseback
deal
According to a report in the South China Morning Post, the Las Vegas Sands Corp. is considering selling the nongaming space of its Macau casino properties for $1.3 billion in what is being called a potential sale-leaseback deal.
The article said Sands is considering selling the building but will continue to run the casino portion while paying rent to the new owner. Talks of selling the retail space have been prompted, the story says, due to poor selling performance of the properties' luxury shopping centers attached to the Venetian and Four Seasons resorts.
According to a report in the South China Morning Post, the Las Vegas Sands Corp. is considering selling the nongaming space of its Macau casino properties for $1.3 billion in what is being called a potential sale-leaseback deal.
The article said Sands is considering selling the building but will continue to run the casino portion while paying rent to the new owner. Talks of selling the retail space have been prompted, the story says, due to poor selling performance of the properties' luxury shopping centers attached to the Venetian and Four Seasons resorts.
