Las Vegas Sands made a recent announcement detailing how the company intends to become a strategic investor in digital gaming technologies with a focus on the B2B sector.
To this end, the company is assembling a digital gaming investment team, led by Davis Catlin who joins Sands after a fourteen-year career with a leading investment firm.
Over the last 10 years, Catlin was at the helm of the firm's investments in both public and private digital gaming companies.
Robert Goldstein, the Las Vegas Sands chairman and CEO said,
"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. Digital gaming and other related offerings are still very much in the early stages of development, and we believe there is an outstanding opportunity for us to invest in the technologies being developed."
"We believe our company's platform, expertise, and financial resources, together with the investment team led by Davis, will provide meaningful opportunities to make investments that will generate significant long-term benefits for the company. And just as our integrated resorts were not built in a day, by being patient and investing for the long-term, we believe these investments in digital gaming technology will deliver significant returns for the company and its shareholders," he concluded.