Las Vegas Sands has apparently pulled the plug on its online gaming investment division, less than a year and a half after launching the effort to crack into the digital gaming space — a business long shunned by the casino operator.

Earnings and More, a Substack newsletter produced by journalists Scott Longley and Jake Pollard, first reported in October that Davis Catlin, who was brought aboard by Las Vegas Sands in July 2021 to steer the company’s investment into online gaming, had departed with a partner to build their own investment firm focused on digital initiatives.

Eilers & Krejcik Gaming analyst Chris Krafcik picked up on the news, telling readers of his advisory firm’s newsletter last week that Sands’ online efforts had been shuttered.