{"id":8424,"date":"2020-07-25T15:41:02","date_gmt":"2020-07-25T15:41:02","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=8424"},"modified":"2026-04-24T03:21:57","modified_gmt":"2026-04-24T06:21:57","slug":"adelson-says-lvs-could-re-enter-japan-ir-race","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/adelson-says-lvs-could-re-enter-japan-ir-race","title":{"rendered":"Adelson says LVS could re-enter Japan IR race"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The chairman and CEO of American casino giant says the company may be interested if Japan changes the regulations.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Japan.- Sheldon Adelson, Chairman and CEO of American casino giant Las Vegas Sands, has said the company is open to looking at Japan&#8217;s IR plans again if the government changes proposed regulations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Adelson said LVS withdrew interest from Japan&#8217;s projet because of regulations \u201cnot being conducive to attracting the kind of investment it requires\u201d and because \u201cthe cost of construction and the cost of land in Japan is very high.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He said: \u201cThey\u2019re talking about withholding income tax from foreign winners. So, a player comes in from another country, he wins. They want the operator to withhold the taxes to pay the Japanese government. That will never attract one foreigner. So, the taxes were 30 per cent gaming taxes, 30 per cent income taxes, and there was no assurance that they won\u2019t raise the taxes from there.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThere were just too many negative regulations. If they change it, our mind is open to go back.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Adelson made the comments after Las Vegas Sands posted a <strong><em><a href=\"https:\/\/focusgn.com\/asia-pacific\/sands-china-revenue-down-98-in-q2\" target=\"_blank\" rel=\"noreferrer noopener\">98 per cent year-on-year drop<\/a><\/em><\/strong> in quarterly revenue for Q2 at its Macau operation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some analysts had already predicted that the American casino giant <strong><em><a aria-label=\"undefined (opens in a new tab)\" href=\"https:\/\/focusgn.com\/asia-pacific\/las-vegas-sands-could-re-enter-japan-ir-race\" target=\"_blank\" rel=\"noreferrer noopener\">could return to Japan\u2019s IR race<\/a><\/em><\/strong> if central government looks at changing the proposed regulations and tax regime.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The chairman and CEO of American casino giant says the company may be interested if Japan changes the regulations.<\/p>\n","protected":false},"author":2,"featured_media":0,"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, through its Chairman and CEO Sheldon Adelson, indicates a potential re-evaluation of its interest in Japan's Integrated Resort (IR) development if the government revises its current regulatory and tax framework. The company previously withdrew due to concerns over high gaming and income taxes, the proposed withholding tax on foreign winnings, and elevated operational costs, which were deemed unconducive to attracting necessary investment. This stance comes amidst a significant revenue decline in LVS's Macau operations, prompting speculation about their strategic pivot.","focusai_entities":"Sheldon Adelson, Las Vegas Sands","focusai_location":"Japan, Macau","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.8), operator_casino (1.0), payments_fraud_aml (0.7), investor_analyst (1.0), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Japan IR Tax Impact","query":"What specific changes to Japan's proposed gaming and income tax rates, or the foreign winner withholding tax, would be required to make the IR market attractive for Las Vegas Sands' level of investment?"},{"label":"LVS Capital Allocation","query":"Given the significant revenue decline in Macau, how might a potential re-entry into Japan's IR development align with Las Vegas Sands' broader capital allocation strategy and diversification efforts?"}],"footnotes":""},"categories":[157,16338],"tags":[473,470,1642],"class_list":["post-8424","post","type-post","status-publish","format-standard","hentry","category-business-news","category-east-asia-news","tag-ir","tag-japan","tag-las-vegas-sands"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8424","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=8424"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8424\/revisions"}],"predecessor-version":[{"id":8442,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8424\/revisions\/8442"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=8424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=8424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=8424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}