CEO Sheldon Adelson said the company is interested in “one or two more operations” in Asia but analyst are unconvinced. <\/p>\n\n\n\n\n\n\n\n
Las Vegas Sands’ Chairman and Chief Executive, Sheldon Adelson, has said the company is interested in pursuing M&A activity in Asia <\/p>\n\n\n\n
\u201cI am not going to give up developing integrated resorts. I am going to add on\u2026 to our strategic priorities,\u201d Mr Adelson said in a conference this week when asked about possible mergers and acquisitions.<\/p>\n\n\n\n
The company has already shown interest in Asian markets such as South Korea, Vietnam and Japan.<\/p>\n\n\n\n
“If we can find something in Asia, we will certainly like to do that. Asia has the population most inclined to gamble. One of the reasons is\u2026 we have the best balance sheet in the industry,” Adelson said.<\/p>\n\n\n\n
Adelson also said that he believes markets in Asia will recover first from the Coronavirus crisis because of the previous experience dealing with viral epidemics. <\/p>\n\n\n\n
This is why Las Vegas Sands is interested in acquiring “one or more operations” in Asia. <\/p>\n\n\n\n
\u201cBut of course the price has to be right,\u201d Adelson added.<\/p>\n\n\n\n
But according to Sanford C. Bernstein Ltd, Adelson’s plans are “not realistic in near term”. <\/p>\n\n\n\n
“Looking at Asia we do not see any tangible acquisition opportunity outside of Macau, but we believe a Macau acquisition is extremely unlikely. <\/p>\n\n\n\n
“Casinos in Association of Southeast Asian Nations are not realistic due to regulatory issues and South Korea does not allow locals gaming (and we do not believe Sands would ever choose to have a property with no locals as economics generally do not work well),” Bernstein added.<\/p>\n","protected":false},"excerpt":{"rendered":"
CEO Sheldon Adelson said the company is interested in “one or two more operations” in Asia but analyst are unconvinced.<\/p>\n","protected":false},"author":2,"featured_media":4988,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Las Vegas Sands' CEO, Sheldon Adelson, expressed strong interest in pursuing M&A for integrated resorts in Asia, citing the region's gambling inclination and LVS's robust balance sheet. However, analysts from Sanford C. Bernstein Ltd. view these near-term acquisition plans as unrealistic due to a lack of tangible opportunities outside unlikely Macau deals and significant regulatory hurdles in other Asian markets like South Korea and ASEAN nations.","focusai_entities":"Sheldon Adelson, Las Vegas Sands, Sanford C. Bernstein Ltd","focusai_location":"Asia, South Korea, Vietnam, Japan, Macau, Association of Southeast Asian Nations","focusai_target_profile":"ceo_executive (0.95), investor_analyst (0.95), operator_casino (0.9), regulator (0.75), supplier_vendor (0.7)","focusai_suggestions":[{"label":"LVS Asia M&A Strategy","query":"Considering Sanford C. Bernstein Ltd.'s assessment of limited tangible acquisition opportunities and significant regulatory hurdles in key Asian markets, what specific strategic adjustments or alternative market entry models might Las Vegas Sands explore to achieve its integrated resort expansion objectives?"},{"label":"Asian Market GGR Recovery","query":"What specific macroeconomic indicators and historical GGR recovery trends in Asian gaming verticals support Sheldon Adelson's projection of a faster post-pandemic recovery compared to other global markets, particularly for integrated resorts?"}],"footnotes":""},"categories":[160,157,16338],"tags":[12436,257,94],"class_list":["post-5878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-business-news","category-east-asia-news","tag-casinos","tag-macau","tag-vietnam"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=5878"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5878\/revisions"}],"predecessor-version":[{"id":21563,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5878\/revisions\/21563"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/4988"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=5878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=5878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=5878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}