Las Vegas Sands Chairman and CEO told analysts during the quarterly earnings call that he has fielded inquiries about selling Singapore’s Marina Bay Sands. The company is prohibited from selling the property until 2017, but with the time rapidly expiring, Adelson said they’ve entertained interest.
“We have been approached. We have been talking to people,” he said, noting that the company is always open to monetizing assets except for its core casinos in Las Vegas and Macau.
Adelson says he’ll discuss a possible sale with the government when he meets in officials in May.
The $8 billion iconic project opened in 2010, with a 30-year license.
LV Sands could also sell only part of the project. In Las Vegas, the company sold the shopping mall adjacent to the Venetian for nearly $1 billion. The same could happen with the shopping area in Marina Bay Sands, a very successful retail development.
