2025.11.02
gta v online casinoLas 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.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.free online poker games no real moneyAs 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.Las Vegas Sands CEO Sheldon Adelson, seen here in 2012, says his company is pulling out of the Japan gaming process.With the Venetian operator out of the running, that could open the door fblack hawk casino coor other big-name gaming companies, including Galaxy Entertainment Group, Genting Singapore, Melco Resorts & Entertainment, and Wynn Resorts.doubledown casino free chips 2021 facebook slotocash mobile casinoparagon casino resortLeader 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.(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.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.downstream casino and hotelCiting 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 JapaneBut 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.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.desert diamond casino free play el dorado casino reno gamingboomtown casino my choice”Potentially Frightening SituationAs of now, no other companies are saying they’re out of the Japan running.That makes the undertaking the most expensive casino project on record.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.With the Venetian operator out of the running, that could open the door fblack hawk casino coor other big-name gaming companies, including Galaxy Entertainment Group, Genting Singapore, Melco Resorts & Entertainment, and Wynn Resorts.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.”Adelson didn’t get into specific numbers.nearest casino san diego gold coast casino units for sale |