Las Vegas Sands Increases Stake in Sands China to Over 75%
Las Vegas Sands (LVS) has increased its ownership stake in Sands China Limited (SCHYY/SCHYF) beyond the 75% threshold. The move was made through an open-market purchase by Las Vegas Sands' indirect wholly owned subsidiary, Venetian Venture Development Intermediate II. The acquisition of approximately 1.6 million shares brings Las Vegas Sands closer to full control over its Macau-based gaming and hospitality operations. This strategic increase in ownership could signal confidence from the parent company in the long-term prospects of Sands China amid a recovering global travel sector post-pandemic.
