Under terms of the deal, Apollo paid a total of $2.25 billion. first announced the $6.4 billion deal in March 2021. with prospects in Texas, Florida and New York.Īpollo, Sands and Vici Properties Inc. It is also concentrating on other investments in the U.S. Las Vegas Sands is still headquartered in Las Vegas but it has turned its focus on investments in Macao, where it is a market leader, and Singapore. took over the reins of its three Strip assets - The Venetian, Palazzo and The Venetian Expo. officially exited the Las Vegas market in February, after Apollo Global Management Inc. Here are six of this year’s major deals on the Strip, including one anomaly.
(Nevada Gaming Control Board)Ī number of casino operators changed up their real estate portfolio this year with sales, acquisitions and leasebacks - showcasing a flurry of activity after the short but steep economic fallout caused by the COVID-19 pandemic.Īnd a number of those deals, announced last year, have closed in 2022. A new rendering of Hard Rock’s planned guitar-shaped hotel along the Strip, shared by executives during a Dec.
