The main 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 in debt, Brazil is searching to legalize gambling to help offset its losses, and Las Vegas casinos are chomping at the bit.
Almost 11,000 kilometers away in South usa, Brazil’s steps to legalize casinos has quickly attracted the eyes and ears of most world’s leading gaming and hospitality conglomerates.
Las Las Vegas Sands and Caesars Entertainment both recently confirmed that they are actively considering Brazil for possible expansion.
Owned by billionaire Sheldon Adelson, Sands has a good amount of experience casinos that are operating of the united states of america. The planet’s richest casino company has multiple properties in Macau, China’s special gaming enclave, as well as the $8 billion Marina Bay Sands in Singapore.
Nearly out of bankruptcy, Caesars is also committed to growing its brand internationally. That’s a big change for the organization which includes largely 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.
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