HomeNewsElsewhereBoA doubtful of LVS casino sale

BoA doubtful of LVS casino sale

October 28, 2020

Bank of America has expressed doubts about Las Vegas Sands’ ability to offload its casino assets given a dearth of potential buyers due to the pandemic. The bank says there is a very small pool of buyers able to make a $6 billion acquisition and at the moment access to capital market finance is also less favourable.

Some analysts see LVS using a REIT model similar to the one MGM used to sell off some of its assets.

Bank of America doubtful that LVS will shed Las Vegas assets (G3 Newswire)

Tags
Bricks & Mortar
Covid-19
latest news
Mergers & Acquisitions

AGBrief Editorial https://agbrief.com/about-asia-gaming-brief/

The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.