Who owns the venetian casino
Who owns the venetian casino
The Venetian Resort Hotel Casino is owned by Las Vegas Sands Corporation (LVS), a global developer and operator of casino resorts and entertainment destinations.
LVS acquired the casino in 2004 for $2.4 billion and has since invested heavily in its expansion and renovation.
Current Ownership Structure
Venetian Casino Las Vegas is currently owned and operated by Las Vegas Sands, a leading global developer and operator of world-class integrated resorts. Through VICI Properties, it holds the real estate for the Venetian Resort. Las Vegas Sands also owns and operates other iconic properties such as The Venetian Macao, The Palazzo, and Marina Bay Sands.
Historical Ownership
The Venetian, a luxury hotel and casino resort on the Las Vegas Strip, has had several owners throughout its history:
Sheldon Adelson (1999-2021) : American businessman and philanthropist Sheldon Adelson founded the Las Vegas Sands Corporation, which owned The Venetian. Under Adelson's ownership, the resort underwent significant expansions and renovations.
Apollo Global Management (2021-2023) : After Adelson's passing, Apollo Global Management, a private equity firm, acquired the Las Vegas Sands Corporation, including The Venetian.
VICI Properties (2023-Present) : In 2023, VICI Properties, a real estate investment trust, acquired the real estate assets of The Venetian from Apollo Global Management. The operating rights of the resort remain with the Las Vegas Sands Corporation.
Governance and Management
Oversee operations with a comprehensive governance framework, ensuring regulatory compliance and strategic alignment. Establish a clear chain of command and reporting relationships, delegating responsibilities effectively to ensure efficient decision-making. Implement robust risk management and internal control systems to mitigate risks and safeguard assets.