sunset station casino arcadeThat makes the undertaking the most expensive casino project on record.Las Vegas Sands, the dominant Macau operator, is pulling out of Japan and that’s a bad sign for rivals, says an analyst.Leader Out of the RaceNews of Sands’ departure from the Japan IR competition is all the more surprising when considering the company’s status as one of the frontrunners.wild vegas casino“We believe LVS will now look at other international gaming markets which might present better return opportunities down the road.org.”Adelson didn’t get into specific numbers.chukchansi casino hotel

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doubledown casino app for androidWieczynski didn’t identify specific Japan bidders that fit that bill, but some are long committed to particular cities.As 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.LVS was focusing its Japan efforts on Yokohama, the country’s second-largest city.wild vegas casino loginLas Vegas Sands CEO Sheldon Adelson, seen here in 2012, says his company is pulling out of the Japan gaming process.”Adelson didn’t get into specific numbers.”On a quarterly earnings conference call last October, Sands COO Rob Goldstein said a Japan projecchukchansi casino in fresnot could cost billion to billion, with CFO Patrick Dumont saying those numbers could be “light.black bear casino wisconsin

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pechanga casino buffet open nowNow, 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.Leader Out of the RaceNews of Sands’ departure from the Japan IR competition is all the more surprising when considering the company’s status as one of the frontrunners.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.”But it won’t be until 2021 when the federal government will entertain bids from various cities and their operator partners.Citing the company’s dominance in Macau and success in Singapore, gaming analysts on both sides of the Pacific widely expected Sands to easily procure one of the first three Japaneraging bull casino real or fake