The major Las Vegas casino companies have been focused on Japan’s forthcoming gambling market for months, but the Asian country no longer has their complete attention.
The pool in Rio where Michael Phelps won his record 23rd gold medal now sits in disrepair. Billions in debt, Brazil is looking to legalize gambling to greatly help offset its losses, and Las Vegas casinos are chomping during the bit.
Almost 11,000 miles away in South usa, Brazil’s steps to quickly legalize casinos has attracted the eyes and ears of most world’s leading gaming and hospitality conglomerates.
Las Vegas Sands and Caesars Entertainment both recently confirmed they are actively looking at Brazil for possible expansion.
Owned by billionaire Sheldon Adelson, Sands has a great amount of experience casinos that are operating for the united states of america. The planet’s wealthiest casino company has multiple properties in Macau, China’s special gaming enclave, as well as its $8 billion Marina Bay Sands in Singapore.
Nearly away from bankruptcy, Caesars can also be focused on growing its brand internationally. That is a change that is big the company that has mostly concentrated on domestic properties throughout its history.
‘You’re looking at just what could be significant markets,’ Caesars Executive Vice President of Public Policy Jan Jones Blackhurst told the Las Vegas Review-Journal.
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