LV Sands may spin off Chinese assets
Las Vegas Sands Corp. may be considering spinning off its Macau assets and creating a separate publicly traded company listed on the Hong Kong Stock Exchange.
According to a Dow Jones News Service report this morning, the casino operator has hired Goldman Sachs to manage the sale.
According to sources, the news service said the Venetian Macau, Sands Macau, Four Seasons Macau and the company’s proposed Cotai Strip projects would be separated from the company’s Las Vegas holdings. Las Vegas Sands is traded on the New York Stock Exchange under the symbol LVS.
The report said the plan is in the early stages.