Las Vegas Sands is deeply interested in expanding into Japan’s nascent casino market but wants to make sure that it has taken a prudent approach toward that potential expansion and the allocation of capital that it would require, $10 billion would be the starting point when it comes to investing into a Japanese casino resort.
Las Vegas Sands had long eyed Osaka as the potential host of its Japanese casino resort until making a surprise announcement this past August that it was dropping its plans for that city to instead pursue development opportunities in Tokyo and Yokohama.
The company’s plans in relation to Japan’s ongoing process of building its casino industry were revealed by Las Vegas Sands President and Chief Operating Officer Robert Goldstein during the company’s earnings call for its third-quarter financial results.
The Las Vegas-headquartered casino operator reported a 3.6% drop in its revenue for the three months ended September 30 to $3.25 billion and a 3% decrease in EBITDA to $1.25 billion.
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