The major vegas casino companies have been concentrated on Japan’s forthcoming gambling market for months, but the country that is asian longer has their complete attention.
The pool in Rio where Michael Phelps won his record 23rd gold medal now sits in disrepair. Billions with debt, Brazil is looking to legalize gambling to help offset its losses, and Las Vegas casinos are chomping at the bit.
Almost 11,000 kilometers away in South America, Brazil’s steps to quickly legalize casinos has attracted the eyes and ears of most globe’s leading gaming and hospitality conglomerates.
Las Las Vegas Sands and Caesars Entertainment both recently confirmed they are actively taking a look at Brazil for possible expansion.
Owned by billionaire Sheldon Adelson, Sands has a lot of experience running gambling enterprises outside associated with usa. The planet’s wealthiest casino company has numerous properties in Macau, China’s special gaming enclave, as well as the $8 billion Marina Bay Sands in Singapore.
Almost away from bankruptcy, Caesars can also be dedicated to growing its brand internationally. That’s a change that is big the company that has mainly focused on domestic properties throughout its history.
‘You’re looking at just what could be markets that are significant’ Caesars Executive Vice President of Public Policy Jan Jones Blackhurst told the Las Vegas Review-Journal.