Las Vegas Sands is shutting down its digital gaming project, Sands Digital Services, resulting in the loss of approximately 150 local jobs in Las Vegas, noting that it would not discontinue its investments in Macau and Singapore.
According to a Las Vegas Review Journal report, the decision to discontinue the project came after company executives assessed that it did not align with their long-term strategic goals.
Sands President Patrick Dumont explained in a letter that, while the company has historically taken an entrepreneurial approach to investments, it became clear that pursuing this digital venture was no longer viable.
The company will refocus its efforts on its successful operations in Macau and Singapore, where it operates high-profile properties like the Venetian Macao and Marina Bay Sands.
Sands entered the digital gaming space after selling The Venetian and Palazzo (in Las Vegas) and acquiring assets from Qbet in 2021, aiming to offer live-streamed gambling services in states where online gambling is legal.
However, the company is now prioritizing its land-based operations and expansion projects, including a major expansion at Marina Bay Sands in Singapore, which involves new hotel rooms and an arena.
While affected employees have the option to apply for other positions within Sands, many roles may require different skill sets.
Dumont reaffirmed the company’s commitment to its host markets in Macau and Singapore, emphasizing ongoing investments to meet revised licensing agreements and uphold strong relationships with business partners and local communities.
