Who Owns The Venetian Las Vegas?

## Current Ownership Structure The Venetian Las Vegas is currently owned by **VICI Properties**, a real estate investment trust (REIT), and operated by **Apollo Global Management**. This ownership structure resulted from a $6.25 billion transaction that included: - VICI Properties purchasing the land and real estate assets for $4 billion - Apollo Global Management acquiring the operations for $2.25 billion ## Historical Overview ### Las Vegas Sands Era The Venetian was originally developed by **Sheldon Adelson**, who founded the Las Vegas Sands Corporation. Under Sands' ownership, the property achieved several milestones: - Opening in 1999 - Addition of The Palazzo tower in 2007 - Development of the Sands Expo and Convention Center - Establishment as a premier luxury destination The resort quickly became one of the most successful properties on the Strip under Adelson's leadership. Las Vegas Sands Corporation owned and operated The Venetian for many years while also managing properties in Macau and Singapore. ## Property Components and Amenities The Venetian Resort features: 1. The Venetian Tower 2. The Palazzo Tower 3. The Venetian Expo and Convention Center 4. Over 4,000 suites 5. 19 restaurants and bars 6. 120,000-square-foot casino 7. Grand Canal Shoppes 8. Multiple entertainment venues The resort is known for its opulent design inspired by Venice, Italy, featuring attractions such as gondola rides and a replica of St. Mark's Campanile. ## Impact of Ownership Change Under the new ownership structure: - Daily operations are managed by Apollo Global Management - Property maintenance and development overseen by VICI Properties - The Venetian brand and image remain unchanged - Employee retention maintained through the transition > "The Venetian Resort has been and will continue to be a cornerstone of the Las Vegas Strip, and we intend to fully capitalize on its irreplaceable location and world-class offerings to drive future growth." - Apollo Global Management representative ## Economic Significance The property remains a significant contributor to the Las Vegas economy: - Employs over 8,000 people - Generates substantial gaming revenue - Drives convention business - Attracts international tourists ## Future Plans The new owners have announced several initiatives: - Continued investment in property upgrades - Enhanced guest experiences - Expanded convention capabilities - Modernization of amenities For more information, visit the [official website of The Venetian Resort](https://www.venetianlasvegas.com/) or explore [VICI Properties](https://viciproperties.com/) and [Apollo Global Management](https://www.apollo.com/) websites. *** The current ownership structure reflects modern trends in hospitality asset management, combining the expertise of a major real estate investment trust with the operational capabilities of a global private equity firm. This arrangement positions The Venetian for continued success in the competitive Las Vegas market while maintaining its status as one of the Strip's premier resort destinations.

Who Owns The Venetian Las Vegas?

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