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Las Vegas Sands withdraws from New York casino licence bid

Deals & M&A

Las Vegas Sands said it had withdrawn from the process for a downstate New York casino licence, citing concerns about the possible legalisation of iGaming and its effect on project returns. The company had pledged a $5bn investment if its bid succeeded and is seeking to transfer its rights at the Nassau Coliseum site to a third party. It also reported Q1 2025 revenue of $2.86bn, down 3.4% year on year.

Investors can assess Sands’ withdrawal amid iGaming concerns, a possible site-rights transfer and lower quarterly revenue.

End-of-day close Las Vegas Sands (LVS), USD, to 6 June 2025
Story date10 March 20256 June 2025

Latest reported results

Las Vegas Sands NYSE: LVS

Quarter ended 30 September 2026

Revenue
USD 3.22bn10-Q filing 0001300514-26-000103
Operating income
USD 618.0m10-Q filing 0001300514-26-000103

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