![]() The two hotel properties retained their names, but the Sands Expo was renamed the Venetian Expo. Through the deal, Vici Properties bought the land under the facilities for $4 billion, and Apollo Global Management acquired the operations for $2.25 billion as part of a triple net lease agreement with Vici. Adelson died in January 2021, and Las Vegas Sands announced two months later that it would sell the three Las Vegas facilities for $6.25 billion. The company was in early discussions to sell the Venetian, the Palazzo, and the Sands Expo. In April 2020, the Venetian announced plans to incorporate emergency medical personnel and automatic camera-based body temperature scans into its eventual reopening, which occurred on June 4, 2020.īy the end of 2020, Las Vegas Sands wanted to focus on its operations in Macau, as Asia was expected to recover from the pandemic's impact at a faster rate. Like other casinos in the state, the Venetian closed indefinitely in March 2020 in response to the COVID-19 pandemic and its effects on the state. Department of Justice $47.4 million to settle charges over "alleged money laundering activities". In 2013, the Venetian agreed to pay the U.S. On June 11, 2012, the Venetian opened Carnevale, a summer-long festival that is anchored by a nightly 3-D projection show on the clock tower. In October 2011, the Cantor Race & Sportsbook opened, which was the only Las Vegas sportsbook that was open 24 hours a day. In 2010, it was announced that it will be affiliated with InterContinental Hotels Group. Ģ007 saw the opening of the sister resort in Macau, The Venetian Macao, modeled after the original Las Vegas property. One of the 12 complaints alleged the hotel had held a drawing for a Mercedes-Benz that was rigged to be won by a high roller who had lost a large amount in the casino. In 2004, the Venetian agreed to pay a $1 million penalty to settle a 12-count Gaming Control Board complaint. It was built on top of the garage parking lot. On June 27, 2003, the 1,013-room Venezia Tower opened. Built at a cost of $1.5 billion, it was one of the most expensive resorts of its kind when it opened. Actress Sophia Loren joined Adelson, the chairman and owner, in dedicating the first motorized gondola. The resort opened on May 3, 1999, with flutter of white doves, sounding trumpets and singing gondoliers. Groundbreaking for the hotel began on April 14, 1997. On November 26, 1996, eight years after it was purchased by the owners of The Interface Group-Adelson, Richard Katzeff, Ted Cutler, Irwin Chafetz and Jordan Shapiro, the Sands Hotel was imploded to make way for The Venetian Resort Hotel Casino. This project would be situated on the former Sands property. In April 1996, Sheldon Adelson announced plans to create the largest resort on the Strip. The Venetian-Palazzo complex includes the world's second-largest hotel, with 4,049 rooms, 3,068 suites and a 120,000-square-foot (11,000 m 2) casino. The Venetian resort complex includes the adjacent Palazzo resort and The Venetian Convention and Expo Center center, as well as the upcoming MSG Sphere at The Venetian. The Venetian is owned by Vici Properties and operated by Apollo Global Management. Designed by KlingStubbins, the hotel tower contains 36 stories and rises 475 feet (145 m). The Venetian Las Vegas is a luxury hotel and casino resort located on the Las Vegas Strip in Paradise, Nevada, United States, on the site of the old Sands Hotel.
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