Las Vegas Sands Abandons U.S. iGaming Expansion, Closing Sands Digital Services
Las Vegas Sands Corp. (LVS) has abandoned plans to expand into the U.S. iGaming market. The company's iGaming arm, Sands Digital Services (SDS), will shut down, leading to job losses. LVS will now focus on its land-based operations and long-term goals.
LVS initially planned to create live dealer studios for regulated iGaming jurisdictions in the US, including New Jersey, Delaware, Connecticut, Pennsylvania, Michigan, and West Virginia. However, the company has now reversed this decision.
The shutdown of SDS, which employs around 300-400 people, will result in job losses. Approximately 150 employees and workers in Las Vegas, Nevada, will be affected. LVS President and COO Patrick Dumont cited strategic misalignment as the reason for the closure.
Despite the shutdown, Dumont confirmed that digital remains important to LVS. The company will continue to invest in relevant technology and projects. LVS's overseas operations in Macau and Singapore will proceed as planned.
LVS has dropped its plans to enter the U.S. iGaming market, leading to the closure of its SDS department. This decision will result in job losses but allows LVS to focus on its land-based operations and long-term strategic goals. The company remains committed to digital innovation, albeit in a different capacity.
