Adelson died in January from complications related to treatment for non-Hodgkin’s lymphoma. Company officials first indicated that they might start exploring the digital gaming and betting marketplace this past January.Īs mentioned above, the casino operator’s newly revealed interest in online gambling represents a major shift from the managerial path followed by its former leader. Las Vegas Sands did not provide further details on its iGaming investment strategy and its goals. Catlin joins from Virginia-based private equity firm Sands Capital Management (unrelated to Las Vegas Sands) where he spent 14 years and for the last decade led its investments in public and private online gambling companies. It has tapped Davis Catlin to lead the unit. The company announced Monday that it plans to become a strategic investor in digital gaming technologies and that its primary focus would be on the business-to-business side of the industry.Īs part of its newly launched effort, the casino operator is building a special digital gaming investment team. Casino powerhouse Las Vegas Sands is set to finally venture into online gambling after its former CEO and Chairman, late businessman Sheldon Adelson, for many years kept up strong opposition to digital casinos.
