International edition
September 21, 2021

The initiative will be carried out together with local partners

Las Vegas Sands aims to arrive in Spain

(Spain).- Las Vegas Sands, the gaming group belonging to tycoon Sheldon Adelson, studies its arrival in Spain, boosted by the recovery of the first global economy, which is benefitting casinos and tourism.

T

he firm, owner of the famous complex The Venetian (in Las Vegas), announced that it is considering to reproduce its installations in Madrid and Barcelona. The long-term initiative would be performed together with local partners, and the group has already chosen the allied for Madrid, whose identity it denies to reveal.

This way, Adelson firm would arrive in Europe, a continent where it is interested in other developments in countries such as Greece and Italy. Las Vegas Sands declined to reveal the schedule of its introduction in the three European countries mentioned above.

The group, that quotes in the New York stock market, counts with eight casino hotels in US, Macau and in Singapore, where Las Vegas Sands inaugurated last Tuesday a complex called Marina Bay Sands, built with an investment of us$ 5,500 million.

The company registered a total income of us$ 4,9 million in 2009, with net losses of  540 million. A 73% of its sales came from its Asian Facilities. Las Vegas Sands, which accumulates a long-term debt of us$ 10,100 million and paid Adelson a wage of us$ 5.5 million in 2009, also has the aim to enter in Japan, once gaming is legalized.  Its stock market price is of us$ 17,600 million.

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