The major vegas casino companies have been concentrated on Japan’s forthcoming gambling market for months, but the country that is asian longer has their complete attention.
The pool in Rio where Michael Phelps won his record 23rd gold medal now sits in disrepair. Billions with debt, Brazil is searching to legalize gambling to simply help offset its losses, and Las Vegas casinos are chomping during the bit.
Almost 11,000 kilometers away in South America, Brazil’s steps to quickly legalize casinos has attracted the eyes and ears of most world’s leading gaming and hospitality conglomerates.
Las Las Vegas Sands and Caesars Entertainment both recently confirmed that they are earnestly looking at Brazil for possible expansion.
Owned by billionaire Sheldon Adelson, Sands has a great amount of experience casinos that are operating for the United States. The planet’s richest casino company has multiple properties in Macau, China’s special gaming enclave, as well as its $8 billion Marina Bay Sands in Singapore.
Almost out of bankruptcy, Caesars can also be dedicated to growing its brand internationally. That is a change that is big the corporation which includes mainly concentrated on domestic properties throughout its history.
‘You’re looking at exactly what could be markets that are significant’ Caesars Executive Vice President of Public Policy Jan Jones Blackhurst told the Las Vegas