Las Vegas Sands drops bid to open $4B casino complex at Nassau Coliseum site
1. Las Vegas Sands withdraws $4 billion casino bid at Nassau Coliseum site. 2. The decision surprised industry insiders amidst strong local political support. 3. Sands focuses financial resources on existing operations and potential stock purchases. 4. Concern over legislation for i-Gaming influenced Sands' withdrawal decision. 5. Other bidders likely to benefit, increasing competition in the region's casino market.