We thank our previous owners at Sands for helping to build this property over two-plus decades and are excited to embark on a new phase of innovative growth with Apollo.” George Markantonis, President and CEO of The Venetian, said, “The Venetian is one of the world’s top destinations for gaming, leisure and entertainment, proudly made possible by one of the best teams in the industry. Sheldon Adelson was a true visionary in building The Venetian more than two decades ago and we look forward to sustaining its success in this next chapter.” “Over the last year, we have only grown more excited by the recovery and outlook for Las Vegas and in particular The Venetian, where we can invest behind an unrivaled set of guest amenities and experiences. “We’re thrilled to complete the acquisition of The Venetian, a premier Las Vegas resort that’s backed by a world-class team,” said David Sambur, Apollo Partner and Co-Head of Private Equity. The agreement to acquire the iconic Las Vegas property was announced March 2021. (NYSE: LVS) for approximately $2.25 billion. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced that funds managed by its affiliates (the “Apollo Funds”) have completed the acquisition of the operations of The Venetian Resort Las Vegas and the Venetian Expo in Las Vegas (“The Venetian”) from Las Vegas Sands Corp. 23, 2022 (GLOBE NEWSWIRE) - Apollo Global Management, Inc.
