It appears that Las Vegas Sands is eyeing a move to the online gaming world, and is considering acquiring or teaming up with one of London's online gaming specialists, much like what its rivals MGM and Caesars have done.
The late CEO of Las Vegas Sands Sheldon Adelson was known to be a long-time opponent of online poker and online gaming in general. His seriousness in the matter led him to set up various campaigns trying to stop it and he even created an organization named the Coalition to Stop Internet Gaming (CSIG). His reason behind this is that online gaming results to higher levels of addiction and gamblers end up suffering from substantial losses.
Read more » Las Vegas Sands Plans to Enter Online Gaming, Eyes 888 Holdings
On Friday, July 17, it was announced that bwin.party Group had been sold to 888 Holdings. The deal, worth 1.4 billion U.S. Dollars, happened after weeks of negotiations in which 888 and GVC (backed by Amaya - the owner of Full Tilt and PokerStars) were fighting to buy the company.
