Davis Catlin, a gaming industry veteran, will be leading Las Vegas Sands’ newly created digital gaming investment team. By creating the team, the company plans to grow further and solidify its position as a market leader in the iGaming space. This is a stark shift from the times when the late Sheldon Adelson was running the company.
LVS Invests in Digital Gaming Team
Las Vegas Sands, the world-famous luxury resorts operator, announced that it launches an effort to become a strategic investor in digital gaming technologies. Announced on Monday, the company revealed that its digital gaming technologies will be primarily focused on business-to-business opportunities. As a part of Sands’ expansion into the digital gaming world, the company has created a digital gaming investment team. That team will be led by Mr. Davis Catlin. LVS revealed that Catlin is an industry veteran with more than 14 years of industry experience.
“Sands is determined to grow its leadership position within the industry and is committed to doing that through strategic steps we think best position the company for future growth.”
Robert Goldstein, CEO and chairman, Las Vegas Sands
Robert Goldstein, LVS CEO and chairman, shared his excitement on the topic by saying that the company believes in its platform, expertise and financial resources. According to him, all of those assets, combined with Catlin’s investment team will result in “meaningful opportunities to make investments that will generate significant long-term benefits for the company.”
Digital Gaming to Bring Long-Term Growth
Additionally, Goldstein acknowledged that LVS is focused on solidifying its leadership within the industry via strategic steps which will boost the company’s future growth. According to him, digital gaming and other digital offers are yet to grow and develop further. Goldstein sees this as an “outstanding opportunity” for investment in technology development.
LVS’ CEO acknowledged that building an integrated resort is a long process, but it brings significant long-term benefits for the company. With that in mind, Goldstein said that the process with digital technology investment is similar and LVS believes that digital technologies will bring significant benefits for the company and its shareholders.
Florida Political Committee Reportedly Receives $17M Check From LVS
Besides investing in digital opportunities, LVS has also granted a check for $17 million to a newly-formed political committee in Florida, according to the local news outlet Florida Politics. Documents submitted with the Florida Division of Elections reveal that Florida Voters in Charge did not indicate spending or income until the latest financial report date in June.
With that in mind, the political committee has received a $17 million check from the gaming giant. In contrast, a single other contribution was made from Ponte Vedra-based Game Day Strategies for $100. Neither LVS nor the committee is yet to officially disclose what the hefty contribution is going to be used for.