Las Vegas Sands withdraws from New York casino licence bid
Las Vegas Sands said it will not bid for a New York casino licence and is seeking a third party to take over its opportunity at the Nassau Coliseum site. President and COO Patrick Dumont cited concerns about the possible effect of igaming on the market and project returns; the company said its board raised the share-repurchase authorisation to $2bn on 22 April.
The withdrawal leaves a third party as a potential successor to Sands’ Nassau Coliseum opportunity in the licensing process.