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 searching to legalize gambling to simply help offset its losses, and Las Vegas casinos are chomping at the bit.
Nearly 11,000 miles away in South America, Brazil’s steps to legalize gambling enterprises 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’re actively looking at Brazil for possible expansion.
Owned by billionaire Sheldon Adelson, Sands has a good amount of experience casinos that are operating of the United States. The planet’s wealthiest casino company has numerous properties in Macau, China’s special gaming enclave, as well as its $8 billion Marina Bay Sands in Singapore.
Almost away from bankruptcy, Caesars can be dedicated to growing its brand internationally. That’s a big change for the business that has largely focused on domestic properties throughout its history.
‘You’re looking at exactly what could be significant markets,’ Caesars Executive Vice President of Public Policy Jan Jones Blackhurst told the Las Vegas Review-Journal.