The Las Vegas Sands Corp. is ending the day-to-day operations of its casino in Las Vegas on Monday, as the resort and casino company struggles with the collapse of its struggling gaming business.
The Sands said in a statement that it plans to shutter its Las Vegas property “for a period of time to complete our comprehensive restructuring plan.”
The announcement comes after the Las Vegas Metropolitan Police Department said Monday that a robbery at a Wynn Resorts hotel room late Monday was the result of a “routine” incident.
In a statement released to the media, the Las Pines Police Department, which is investigating the incident, said the robbery “did not appear to be an intentional act.”
“The Las Pinedels Police Department will continue to work with the Las Venetian Police Department to bring the individual involved to justice,” the statement said.
The Wynn hotel and casino has seen its revenue drop by more than $200 million since January 2016, and its operating profit dropped to $1.1 billion in the first half of the year from $2.3 billion in 2015.
The company said Monday it had recorded its first quarterly loss for 2017, though the results fell short of analyst expectations of a profit drop of more than 25 percent.