Chuck E Cheese's Company Buys Las Vegas Venetian and Palazzo

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The Company Behind Chuck E Cheese Buys The Venetian Las Vegas(via CelebMagTM)

interest in AMC, Wyndham Worldwide, Shutterfly, Norwegian Cruise Lines, Hostess Brand, Qdoba, Cox Media Group, ADT, University of Phoenix, and dozens of more notable businesses. Some they own stock in, some they have outright purchased, but it’s clear that AGM is the biggest business few people have ever heard of, and they have influence in a wide variety of industries.

The press release of the sale explains the company’s focus; “Sands executives said that while selling The Venetian, the property that helped establish Sheldon Adelson and his company at the top of the gaming industry, will be bittersweet, the opportunities for the company to pursue new growth prospects are robust.

As we announce the sale of The Venetian Resort, we pay tribute to Mr. Adelson’s legacy while starting a new chapter in this company’s history,’ said Las Vegas Sands Chairman and Chief Executive Officer Robert Goldstein. ‘This company is focused on growth, and we see meaningful opportunities on a variety of fronts. Asia remains the backbone of this company and our developments in Macao and Singapore are the center of our attention.

Goldstein also was quoted in the press release as saying that Apollo and VICI were the right companies to lead the property into the future and that additions like the MSG Sphere, a live performance venue being developed by Madison Square Garden, will create new growth opportunities for the property.

Goldstein added, “The property is a best-in-class asset with a talented team of people operating it. I am confident Las Vegas will soon return to a more normal operating environment and The Venetian’s hard-working and dedicated team members will continue delivering a world-class experience to guests eager to enjoy it. I know I will be rooting for them.”

 

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