The deal values The Venetian and the convention center at $6.25 billion.
Real estate investment trust VICI Properties will buy the land and real estate assets of the two venues for $4 billion. The company announced that it has entered into a definitive agreement to purchase the operating company of the luxury casino resort and the adjacent Sands Expo and Convention Center for $2.25 billion from owner Las Vegas Sands. US private equity firm Apollo Global Management has added The Venetian Resort Las Vegas to its bulging portfolio of gambling assets, news emerged Wednesday.
