Meanwhile, Apollo is betting big on a Vegas post-pandemic comeback. The Las Vegas Sands has agreed to sell to Apollo Group for $6.25 billion just over a month after the death of casino mogul Sheldon Adelson. The Apollo group will purchase Casino operations for about $2.25 billion while VICI Properties, a real estate investment trust, has agreed to buy the land for $4 billion. When the LVS is out of Las Vegas, the Las Vegas Review-Journal will most likely be sold as well. LVS’ owner, Sheldon Adelson, secretly purchased the Review-Journal in 2015 to avoid a wrongful death suit and to push the “bring an NFL team to Vegas” agenda.
But the bigger question remains: Who’s gonna buy the newly renovated Palms?