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Las Vegas Sands Eager To Enter Japanese Gaming Market

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Las Vegas Sands Eager To Enter Japanese Gaming Market

Las Vegas Sands Corp. (NYSE: LVS) has expressed its eagerness to enter into Japan, which passed a law to legalize casinos to boost economy and tourism.

Potential To Do Great Things

To its credit, the Las Vegas, Nevada-based gaming operator has a successful track record in Asia and also has the financial war-chest to invest in Japan, which might be the next big market for casinos.

"If given the opportunity, Las Vegas Sands is prepared to make an unmatched investment in Japan. And we have the track record of success in Asia and financial capability to do exactly that,” the company told Benzinga.

"A Las Vegas Sands integrated resort in Japan would embrace and emphasize the important customs and cultural history of the nation, while being so unique and remarkable in its design and offerings that it would attract leisure and business tourists from around the world and change the future of the tourism industry in the country," the company added.

Sector Enthusiasm

Meanwhile, other gaming companies — including Wynn Resorts, Limited (NASDAQ: WYNN), MGM Resorts International (NYSE: MGM) and Caesars Entertainment Corp (NASDAQ: CZR) — are also mulling Japanese investment.

At last check, shares of Las Vegas Sands rose 1.05 percent to $58.46. Wynn Resorts were down 0.81 percent to $92.74, MGM Resorts gained 0.10 percent to $29.82 and Caesars fell 1.21 percent to $8.15.

Posted-In: News Emerging Markets Topics Travel Legal Events Global Markets

 

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