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turtle creek casino williamsburg michigan(Image: Las Vegas Review- Journal)The news ends months of speculation regarding the fate of the venues, and is generating buzz on Wall Street regarding how the operator will invest the capital. Las Vegas Sands (NYSE:LVS) confirmed today it’s selling the Venetian Resort and Sands Expo and Convention Center on the Strip for .25 billion. Analysts are now opining about what the gaming company will do with the influx of cash. river spirit casino coffee shopMore recently, the company spent millions on lobbying efforts in Texas with hopes of opening a gaming venue in the second-largest state.As Wieczynski points out, Venetian and Palazzo on the Strip generated just 7 million in earnings before interest, taxes, depreciation and amortization (EBITDA) in 2019 — nine percent of Sands’ total — meaning it’s possible the company directs some of the sale proceeds to enhancing some of its five Macau properties or Marina Bay Sands (MBS) in Singapore.Other Ideas for LVS CashThe Stifel analyst say it’s a “maybe” that LVS uses some of the capital from the Venetian transaction to reinstate its dividend. Analysts are now opining about what the gaming company will do with the influx of cash. “They might also be keeping dry powder in case larger capital investments are needed in their Asian gaming markets, especially around the Macau concession renewal process that should start next year.”Sands has long had interest in bringing an integrated resort to New York. seven feathers casino app

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