Las Vegas Sands has officially ruled out entering the regulated online gaming market, even through potential brand licensing agreements. Speaking at the Bernstein 42nd Annual Strategic Decisions Conference in New York, the president and chief executive officer of Las Vegas Sands, Patrick Dumont, confirmed that the corporation intends to keep its corporate focus entirely on integrated casino resorts and technological upgrades within its current properties. Dumont stated that online gaming is not something that the firm intends to pursue, affirming that the corporation will remain dedicated to geographic markets and physical products where it already maintains an established and dominant…

Shortly after the passing of Sheldon Adelson, we now learn that Las Vegas Sands profits fell nearly $2.2 billion last year, thanks in large part to the pandemic and diminishing tourism to Nevada. Room revenue fell almost 73% while food and beverage revenue was down 69%. Earnings from their conventions and retail shops fell 67%. Company revenue fell over 70% last year to just $3.6 billion, which the company said was a direct result of the Novel Coronavirus. Macau profits were the worst hit, where restrictions on travel held the Sands in check for most of the year and resulted…