2025.09.13
soaring eagle casino updateLas Vegas Sands CEO Sheldon Adelson, seen here in 2012, says his company is pulling out of the Japan gaming process.If they (LVS) are walking away from Japan, it probably means they can’t make the numbers work in terms of adequate returns,” said Stifel analyst Steven Wieczynski in a note obtained by Casino.Las Vegas Sands, the dominant Macau operator, is pulling out of Japan and that’s a bad sign for rivals, says an analyst.free slots 888 casino gamesAs for the Venetian operator, there’s nothing lost here, because Adelson’s company can save cash for other opportunities, including either individual property purchases or acquisition of a rival.””online casino 01.07 is the chinook winds casino openbig fish casino crownsmulling investments in the world’s third-largest economy.That process is expected to last until the end of July 2021, threatening time lines to have gaming venues there opened by 2025 or 2026.But the long-running estimate is that it will cost an operator a minimum of billion and perhaps as much as billion to build a single, high-end gaming property in Japan.mountaineer casino check in timemulling investments in the world’s third-largest economy.“If they were going to invest B-B to construct an integrated resort in the market, trying to get a mid-to-upper teens return off of that investment given some of the rumored restrictions the Japanese government wanted to place over their gaming industry probably made making a decent return impossible.In a stunning move, Las Vegas Sands (LVS) announced late Tuesday that it’s withdrawing from consideration to open an integrated resort (IR) in Japan, with Chairman and CEO Sheldon Adelson lobbing criticism at the structure of the country’s efforts to become a gaming destination.boulder station hotel and casino las vegas nevada pechanga casino hotel reservationfirekeepers casino smoking policyBut the long-running estimate is that it will cost an operator a minimum of billion and perhaps as much as billion to build a single, high-end gaming property in Japan.Now, there’s chatter that at those price points, operators’ return on investment goals of mid-to-upper teens percentages are difficult, if not impossible, to meet.(Image: CNBC)In announcing the decision to bow out of the Japan competition, Sands Chairman and CEO Sheldon Adelson noted, “The framework around the development of an IR (integrated resort) has made our goals there unreachable.“The good news for LVS is that most investors/analychukchansi casino in fresnosts did not have any contribution from Japan embedded in out-year estimates or valuation framework at this time,” said Wieczynski.(Image: NBC News)The Land of the Rising Sun is set to unveil its basic policy guidelines on casino gaming in July.But Wieczynski thinks LVS’s departure is a sign that the numbers there aren’t going to work, and that operators dead set on doing business in the Land of the Rising Sun will eventually be disappointed.casino extreme free chip morongo casino in palm springs |