2025.09.19
clearwater casino poulsboIn 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.(Image: NBC News)The Land of the Rising Sun is set to unveil its basic policy guidelines on casino gaming in July.mulling investments in the world’s third-largest economy.astuce roulette casino 2020That process is expected to last until the end of July 2021, threatening time lines to have gaming venues there opened by 2025 or 2026.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.“The good news for LVS is that most investors/analyraging bull casino onlinests did not have any contribution from Japan embedded in out-year estimates or valuation framework at this time,” said Wieczynski.free online poker live casino with poker tableroulette casino cdiscountAs 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.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.mulling investments in the world’s third-largest economy.island view casino benefitsorg.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.Wieczynski didn’t identify specific Japan bidders that fit that bill, but some are long committed to particular cities.free casino slots win real money desert diamond casino brunchonline gambling covid 19As 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 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.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.“We believe LVS will now look at other international gaming markets which might present better return opportunities down the road.“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.owner of desert diamond casino island resort and casino age limit |