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Sustainable Business

Breakingviews

Breakingviews - It’s time for Sheldon Adelson to leave Las Vegas

Sheldon Adelson’s Las Vegas Sands is doubling down on Asia. The $37 billion casino operator may sell U.S. assets for $6 billion, which it can use to build its footprint in the faster-growing region. That would thin its hedge against rising risks in Chinese Macau. But the Nevada market is saturated, and a marginal contributor to revenue. Sands could use the cash for other things.

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