2025.10.08
casino night poker tableLas Vegas Sands, the dominant Macau operator, is pulling out of Japan and that’s a bad sign for rivals, says an analyst.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.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 Japanewild casino kostenlos spielenAs 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.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.”Adelson didn’t get into specific numbers.jamul casino hookah lounge is harrah s cherokee casino openred stag casino reviewBut 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.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.”Adelson didn’t get into specific numbers.free casino slots games to play for funIn 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.Wieczynski didn’t identify specific Japan bidders that fit that bill, but some are long committed to particular cities.”casino near me with poker room harrah s casino in new orleanschinook winds casino deliLas Vegas Sands CEO Sheldon Adelson, seen here in 2012, says his company is pulling out of the Japan gaming process.(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.“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.But it won’t be until 2021 when the federal government will entertain bids from various cities and their operator partners.”Adelson didn’t get into specific numbers.mulling investments in the world’s third-largest economy.kansas star casino rv parking casino extreme affiliate program |