Las Vegas Sands models Japanese IR with its own Marina Bay
As the casino industry nears the archipelago, Las Vegas Sands is pushing for a Japanese IR and wants to emulate its Singapore venue there.
Japan.- Companies from all across the globe are aiming to develop a venue in Japan. That includes many of the top US operators, which have already unveiled some details of their plans for the region.
Las Vegas Sands has recently stated its Japanese integrated resort (IR) would be like The Marina Bay Sands property in Singapore. The company wants to get one of the three licences and its managing director of global development revealed more details.
LVS’ George Tanasijevich said their Yokohama IR would be a major contributor for the region, as Inside Asian Gaming quotes. “I want to create entertainment not yet seen before,” the Las Vegas Sands executive said about the IR. “To make Yokohama a place I want to visit over and over again.”
“I want to build an iconic building like MBS. However, it should be a building completely different from MBS and other IRs. I want it to be unique, complementing and integrating with existing infrastructure.
He also explained that he wants “to collaborate with residents and take it in the right direction. Perhaps we will all be able to see the results we have achieved in Singapore. I want to use that experience to create an amazing IR in Yokohama.”
Las Vegas Sands Japanese IR push
Las Vegas Sands is looking forward to landing a Yokohama development and may invest heavily there.
“I think €11 billion is the starting point,” President and COO Robert Goldstein said during an earnings conference call. “I don’t think anybody’s going to do for less than €11 billion, unless you’re going to do something sub-par.”
“You know we have the balance sheet and the capability and the skill set to do it,” he added. “Question is, can we get a return that?” Goldstein asked on Sands plans for Yokohama, as quoted by AGBrief.