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downstream casino venueAll six gaming licenses there expire in 2022, and it is expected that the renewal conversation will gain steam next year following the installation of a new government administration in December.onds in its first sale with high-grade ratings from the three major debt evaluation firms.“Fitch believes that the risk of the concession not being extended is very remote,” said the ratings firm.On the company’s third-quarter earnings conference call, COO Rob Goldstein said LVS could spend billion to billion for a Japanese venue, while CFO Patrick Dumont noted the final tally could be even higher.“A more plausible risk is LVS being subject to onerous extension terms, such as a higher tax, a concession payment, or a call by the govsunset station casino reopeningernment for significant lower ROI investments.“Also driving the Outlook is Fitch’s increased confidence that LVS can absorb a large scale development, such as a Japan integrated resort (IR), without material long-term deterioration in the leverage credit metrics or liquidity strain,” said the ratings agency.admiral casino portsmouth