Las Vegas Sands Corp. has confirmed the closure of its digital gaming division, a move that will result in the loss of 300 to 400 jobs, including around 150 positions in Las Vegas. The division, known as Sands Digital Services, was initially designed to deliver live dealer gambling streamed into markets where online betting is legal.
According to the report of the Las Vegas Review-Journal, the decision followed an internal review that concluded the venture no longer aligned with the company’s long-term direction. The report said that the staff were informed through an official letter and advised that internal opportunities may be available, although most existing roles require different qualifications.
The closure marks the end of Sands’ brief push into online gaming, which began after the company sold its Las Vegas Strip resorts, The Venetian and Palazzo, and purchased assets from Qbet in 2021. The strategy aimed to capitalise on regulated online gambling markets such as New Jersey, Michigan, and Pennsylvania.
Focus remains on Macau and Singapore
Executives stressed that the company’s strategic priorities remain centred on its core Asian markets. In Macau, Sands continues to operate multiple large-scale integrated resorts (IRs), including the Venetian Macao and The Londoner, while committing fresh investment in line with updated licence requirements.
The Londoner Macau’s casino revenue jumped from $318 million to $495 million during the last quarter, boosting operating margins and overall efficiency. In Singapore, Marina Bay Sands has entered a new phase of growth with a multi-year expansion programme. The project includes additional hotel rooms and a new arena, complementing the resort’s existing facilities. The property’s recent financial results reflected this momentum, with quarterly revenues increasing nearly 37 percent to $1.39 billion and earnings before interest, taxes, depreciation, and amortisation climbing by half to $768 million.
Financial performance underscores shift
The decision to discontinue the digital gaming project comes as Sands’ land-based business delivers strong returns. The group reported second-quarter net income of $519 million, a 22.4 percent rise from the same period in 2024. Total net revenues increased 15 percent to $3.18 billion, with casino operations accounting for the bulk of earnings at $2.42 billion.
While Macau revenues showed only modest growth of 2.5 percent year-on-year, Singapore’s performance more than offset this, with casino revenues there nearly 50 percent higher than in the previous year. This has reinforced the company’s long-held view that physical resorts remain its core competitive advantage.
Non-gaming revenues, including hospitality, retail, and conventions, also contributed to growth, climbing to $760 million in the quarter. Capital expenditure reached $286 million, divided between Macau and Singapore, as development projects in both markets advanced.
Shareholder and market outlook
Las Vegas Sands has also continued to return capital to shareholders, repurchasing $800 million worth of stock at an average price of $39.59 per share and maintaining its quarterly dividend of $0.25. In addition, the company increased its ownership in Sands China to 73.4 percent through the acquisition of 87 million shares.
According to the Las Vegas Review-Journal report, Las Vegas Sands executives said that while the online gambling experiment has ended, the company will keep evaluating technology and innovation that complement its hospitality and gaming businesses. The emphasis, however, remains firmly on strengthening its presence in Macau and Singapore, where regulatory frameworks and large-scale investments underpin long-term growth prospects.
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