The major Las Vegas casino companies have been focused on Japan’s forthcoming gambling market for months, but the Asian nation no longer has their complete attention.
The pool in Rio where Michael Phelps won his record gold that is 23rd now sits in disrepair. Billions in debt, Brazil is looking to legalize gambling to help offset its losses, and Las Vegas casinos are chomping at the bit.
Almost 11,000 kilometers away in South usa, Brazil’s steps to quickly legalize casinos has attracted the eyes and ears of most globe’s leading gaming and hospitality conglomerates.
Las Vegas Sands and Caesars Entertainment both recently confirmed they are actively considering Brazil for possible expansion.
Owned by billionaire Sheldon Adelson, Sands has a great amount of experience running casinos outside associated with the usa. The world’s casino company that is richest has numerous properties in Macau, China’s special gaming enclave, as well as the $8 billion Marina Bay Sands in Singapore.
Almost out of bankruptcy, Caesars is also dedicated to growing its brand internationally. That’s a big change for the business which has mainly focused on domestic properties throughout its history.
‘You’re looking at what could be markets that are significant’ Caesars Executive Vice President of Public Policy Jan Jones Blackhurst told the Las Vegas Review-Journal.
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