International edition
June 21, 2021

The company's new casino resort in Singapore could open in March next year

Las Vegas Sands eyes Japan and Thailand for future growth

(Hong Kong).- Casino operator Las Vegas Sands is eyeing potential expansion in Japan, Thailand and India as it looks for growth opportunities in the vibrant Asian region as soon next year, its chief executive recently commented.

T

he company's new casino resort in Singapore could open in March next year, CEO Sheldon Adelson told Reuters in an interview on Monday, following the trading debut in Hong Kong for his company's Macau assets, Sands China. He added that there were no plans for Sands to inject its Singapore assets into Sands China.

Sands China offers investors a company that is heavily debt-ridden, but which boasts a strong growth outlook in Macau, the world's biggest and fastest-growing gambling market.

Sands China's shares stumbled in their Hong Kong debut, falling as much as 15 % in the third-worst Hong Kong debut this year, ending down 10 %, as analysts cited the company's high IPO price and a weak performance by rival Wynn Macau.

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