The major Las vegas, nevada casino companies have been focused on Japan’s forthcoming gambling market for months, but the Asian nation 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 searching 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 earnestly considering Brazil for possible expansion.
Owned by billionaire Sheldon Adelson, Sands has a good amount of experience running gambling enterprises outside for the United States. The entire world’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 out of bankruptcy, Caesars can also be committed to growing its brand internationally. That’s a big modification for the company that has mostly focused on domestic properties throughout its history.
‘You’re looking at 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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