LOS ANGELES, Sept 15 (Reuters) - Casino operator Las Vegas Sands Corp, formed in 1989 with the purchase of the Las Vegas Sands Hotel, is considering changing its name to better reflect an increased global presence.
Sands, headquartered in Las Vegas, has for several years made most of its money in Asia. Its namesake hotel was demolished in years ago.
The company operates the Venetian and Palazzo resorts on the Las Vegas Strip, a casino in Pennsylvania, and three casinos in Macau, the world's largest gambling center and the only place in China where wagers are legal. In April, it opened the $5.7 billion Marina Bay Sands resort in Singapore and construction is currently underway on two new Macau sites.
'Senior management is seriously discussing a name change that would better reflect the company's increased global presence,' said company spokesman Ron Reese.
He said the change could be voted on as early as the company's next board meeting, which is currently scheduled for early November.
A name change at Sands would mirror a decision by rival MGM Resorts International, which in June changed its name from MGM Mirage, also citing its growing global presence. Keywords: LASVEGASSANDS/NAME (deena.beasley@thomsonreuters.com +1-213-955-6746) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Sands, headquartered in Las Vegas, has for several years made most of its money in Asia. Its namesake hotel was demolished in years ago.
The company operates the Venetian and Palazzo resorts on the Las Vegas Strip, a casino in Pennsylvania, and three casinos in Macau, the world's largest gambling center and the only place in China where wagers are legal. In April, it opened the $5.7 billion Marina Bay Sands resort in Singapore and construction is currently underway on two new Macau sites.
'Senior management is seriously discussing a name change that would better reflect the company's increased global presence,' said company spokesman Ron Reese.
He said the change could be voted on as early as the company's next board meeting, which is currently scheduled for early November.
A name change at Sands would mirror a decision by rival MGM Resorts International, which in June changed its name from MGM Mirage, also citing its growing global presence. Keywords: LASVEGASSANDS/NAME (deena.beasley@thomsonreuters.com +1-213-955-6746) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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