The main 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 gold that is 23rd now sits in disrepair. Billions with debt, Brazil is looking to legalize gambling to greatly help offset its losses, and Las Vegas casinos are chomping at 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 considering Brazil for possible expansion.
Owned by billionaire Sheldon Adelson, Sands has a good amount of experience casinos that are operating for the United States. The planet’s casino company that is richest has numerous properties in Macau, China’s special gaming enclave, as well as the $8 billion Marina Bay Sands in Singapore.
Nearly out of bankruptcy, Caesars can also be devoted to growing its brand internationally. That is a big change for the business who has mainly concentrated on domestic properties throughout its history.
‘You’re looking at 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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