Las Vegas Sands Corp. is shutting down a digital gaming project, an action that will put 300 to 400 people, including around 150 Las Vegas workers, out of their jobs.
The decision to shut down Sands Digital Services was reached earlier this week after company executives determined the project, which would have offered live gambling from streamed dealers into markets that have legalized internet gambling, was not a good strategic fit for the company.
“As has always been the entrepreneurial approach of our company, investments in SDS were made with the understanding there would be multiple points in the process where we would assess the most pragmatic path forward,” Sands President and Chief Operating Officer Patrick Dumont said in a letter to affected employees and senior management.
