Largest investment by US casino giant on a stand-alone integrated resort
Major casino operator awaiting green light to build USD 10B IR in Japan
The company operates nine integrated resort facilities around the world, including the USD 5.6B Marina Bay resort.
2017-10-05
Reading time 34 seg
Las Vegas Sands wants to open a world-class integrated resort in Japan that focuses on exhibition halls and other non-gaming amenities, an executive said in conversation with The Nikkei this week.
Marina Bay Sands CEO, George Tanasijevich, who would take the lead on development, said the U.S. casino giant is looking to open a property that surpasses Singapore's Marina Bay Sands resort, which is seen as a successful model.
Japan is currently revamping legislation to allow casinos to operate in the country. However, no decision on the matter has been made due to the lower house election slated for later this month. If the Las Vegas-based company were given the go-ahead, the investment could surpass $10 billion, Tanasijevich revealed.
The sum would be the largest investment by Las Vegas Sands on a stand-alone integrated resort, but the company has the requisite financial wherewithal, Tanasijevich said.
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