Japan No Longer Offers Las Vegas, Nevada Casino Companies’ Undivided Attention, as Brazil Emerges as Target

Japan No Longer Offers Las Vegas, Nevada Casino Companies’ Undivided Attention, as Brazil Emerges as Target

The major vegas casino companies have been concentrated on Japan’s forthcoming gambling market for months, but the Asian country no longer has their complete attention.

The pool in Rio where Michael Phelps won his record gold that is 23rd now sits in disrepair. Billions with debt, Brazil is searching to legalize gambling to simply help offset its losses, and Las Vegas casinos are chomping during the bit.

Nearly 11,000 miles away in South America, Brazil’s steps to legalize gambling enterprises has quickly attracted the eyes and ears of most world’s leading gaming and hospitality conglomerates.

Las Vegas Sands and Caesars Entertainment both recently confirmed they are earnestly evaluating Brazil for possible expansion.

Owned by billionaire Sheldon Adelson, Sands has a good amount of experience casinos that are operating of this United States. The world’s wealthiest casino company has numerous properties in Macau, China’s special gaming enclave, as well as the $8 billion Marina Bay Sands in Singapore.

Almost away from bankruptcy, Caesars can be devoted to growing its brand internationally. That’s a change that is big the company which includes largely concentrated on domestic properties throughout its history.

‘You’re looking at just what could be significant markets,’ Caesars Executive Vice President of Public Policy Jan Jones Blackhurst told the Las Vegas Review-Jou More →