After a Late Entry, Can Las Vegas Sands Become a Force in Sports Betting?

The recent passing of Sheldon Adelson, founder of the Las Vegas Sands (NYSE: LVS) gambling empire, marked the end of an era for the resort company, which helped shape the industry. Reports surfaced that the Sands was considering entering the sports betting market prior to Adelson's death, but with his veto no longer an obstacle, it's possible the company could now move more quickly. While it does have a sportsbook at its Venetian resort in Las Vegas, it's being operated by William Hill, which is being acquired by Caesars Entertainment (NASDAQ: CZR).