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Recently, the Venetian agreed to a $7.2 million anti-money laundering fine imposed by the Nevada Gaming Control Board due to lapses connected to illegal bookmaker Mathew Bowyer, affecting both the current owner, Apollo Global Management, and former owner, Las Vegas Sands. This incident encapsulates a turbulent last decade for the world’s largest casino operator in Las Vegas.
The sale of the Venetian to Apollo in 2021 marked Las Vegas Sands’ formal departure from the U.S. market, with the company now focused on its operations in Macau and Singapore after stalled expansion attempts in Texas and New York. Although headquartered in Las Vegas, Sands has sold its casinos and shuttered its digital division that was also based in the city.
