Las Vegas Sands shows great interest in Japan

japan

The measure is part of an attempt to regulate the industry before casinos start operating in the country.

Las Vegas Sands is willing to invest at least US$10 billion in a Japanese casino development.

Japan.- As legal casino industry in Japan awaits for the beginning of its development, the most renowned casino and resort operators have shown their interest in participating in the potential market. Such is the case of Las Vegas Sands, which is willing to invest at least US$10 billion in its possible Japanese casino.

The investment plans were announced by Las Vegas Sands’ Chairman Sheldon Adelson yesterday, during an investors’ conference in Tokyo. According to the American magnate, Japanese market would lead to an even better opportunity of operations than the current successful casino in Singapore, Marina Bay Sands.

“It would be at least what we paid in Singapore, US$6 billion including the land, but it could be as much as US$10 billion,” revealed Adelson and he added: “It’s the holy grail. It’s the ultimate of business opportunities. Singapore was a warm up to this.”

Meanwhile, Japanese lawmakers are still debating the draft of an upcoming regulation in order to control the legal industry and set a licensing and taxing process. Legislators expects to announced the first licenses by 2019.