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)
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