The Sands Hotel was unable to compete with newer resorts on the Las Vegas Strip and was demolished to make room for The Venetian. They opened the 1.2 million square foot Sands Expo and Convention Center, then the largest privately owned convention facility in the world, across from the hotel in 1990. Adelson and his partners financed their venture with investments in personal computers and trade shows, founding the computer trade show COMDEX in 1979. History Development on the Las Vegas Strip Įntrepreneur Sheldon Adelson and his partners Richard Katzeff, Irwin Chafetz, Ted Cutler, and Jordan Shapiro bought the Sands Hotel and Casino in 1989. As of 2020, it is the third-largest casino company worldwide by revenue. Through its majority-owned subsidiary Sands China, the company owns several properties in Macau, including the Sands Macao, The Londoner Macao, The Venetian Macao, The Plaza Macao, and The Parisian Macao. The company holds several resorts in Asia, including the Marina Bay Sands in Singapore, which opened in 2010. An adjacent resort, The Palazzo, opened in 2007.

The Sands was demolished and redeveloped as The Venetian, opening in 1999.

It was founded by Sheldon Adelson and his partners out of the Sands Hotel and Casino on the Las Vegas Strip. Las Vegas Sands Corporation is an American casino and resort company with corporate headquarters in Paradise, Nevada, United States.