cash games poker casino“We believe LVS will now look at other international gaming markets which might present better return opportunities down the road.(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.But it won’t be until 2021 when the federal government will entertain bids from various cities and their operator partners.paragon casino marketplace buffet”Potentially Frightening SituationAs of now, no other companies are saying they’re out of the Japan running.Las 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.cashman casino community

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free blazing 7 casino slots”On a quarterly earnings conference call last October, Sands COO Rob Goldstein said a Japan projecblack hawk casino cot could cost billion to billion, with CFO Patrick Dumont saying those numbers could be “light.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.“This scares us now, because we believe there are other gaming companies that are so ‘pot committed’ on winning a Japanese gaming license and will proceed with the process, even though the ultimate return could be disappointing,” said the analyst.standard casino roulette wheel“The good news for LVS is that most investors/analyblack hawk casino costs did not have any contribution from Japan embedded in out-year estimates or valuation framework at this time,” said Wieczynski.“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.But it won’t be until 2021 when the federal government will entertain bids from various cities and their operator partners.coushatta casino fun

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chumba casino refund“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.“Pot committed” is a poker term referring to the point at which a player has invested so much in a hand that he or she is all but forced to see it through to the end rather than folding.While my positive feelings for Japan are undiminished, and I believe the country would benefit from the business and leisure tourism generated by an Integrated Resort, the framework around the development of an IR has made our goals there unreachable,” said Adelson in a statement.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.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.org.sam s town casino play