Las Vegas Sands announces investment push for online gaming

Finance News

Las Vegas Sands said it is building a team to invest in digital-gaming technologies focused on the business-to-business space.

The team will be led by Davis Catlin, who is joining the casino operator after 14 years with an investment firm, Sands said Monday.

“Digital gaming and other related offerings are still very much in the early stages of development, and we believe there is an outstanding opportunity for us to invest in the technologies being developed,” Chairman and Chief Executive Robert Goldstein said.

The company in March agreed to sell its Las Vegas properties to Apollo Global Management Inc. and a real-estate investment trust for about $6.25 billion as the company exited the gambling hub to focus on its core Asia operations.