The boss for American casino operator Las Vegas Sands Corporation has reportedly announced that his firm is in negotiations with ‘a major country’ in Asia regarding the possible development of a new gambling-friendly resort.
According to a report from Inside Asian Gaming, Rob Goldstein (pictured) serves as the Chairman and Chief Executive Officer for the Las Vegas-headquartered company and told the Las Vegas Review-Journal newspaper that the potential development could be similar in size and scope to the 2,560-room Marina Bay Sands venue his enterprise has run in the city-state of Singapore since 2010.
American abandonment:
Las Vegas Sands Corporation last year inked a $6.25 billion deal to entirely exit the land-based casino market of the United States via the sale of its iconic The Venetian Resort Hotel Casino and this 3,000-room property’s The Palazzo hotel. Nevertheless, the source detailed that the company still also holds an almost 70% stake in Macau casino behemoth Sands China Limited, which is responsible for the Sands Macao, The Venetian Macao, The Plaza Macao, The Parisian Macao and The Londoner Macao developments.
Potential picks:
Goldstein reportedly refused to disclose the identity of the jurisdiction with which he has held ‘rather interesting conversations’ but did declare that the unspecified territory had ‘reached out to us’ following his firm’s Las Vegas divestiture. The company purportedly earlier expressed an interest in bringing an integrated casino resort to Thailand and had been pursuing the right to bring an analogous western-style facility to the Japanese city of Yokohama before pulling out of this process in 2020.
Goldstein reportedly stated…
“It’s proprietary but we’re looking to build something of scale much like Marina Bay Sands. A lot of countries in Asia have reached out to us over the years but nothing’s happened. This one feels like it might be a major prospect. A major country, a top-tier country. I hope it’s real.”
Successful structure:
Goldstein reportedly went on to disclose that his New York-listed company plans to utilize the ‘integrated resort’ model for any new developments as this configuration had served it well in the casino hotspots of Macau, Singapore and Las Vegas. He purportedly pronounced that this would see any future venues feature ‘a multitude of offerings for customers’ running to ‘casino, hotel, spa, convention, retail, restaurant and business center’ amenities.
The statement from Goldstein reportedly read…
“The model works and we’ll continue to use that model in future developments. We’re talking to three states right now and that’s the preferred approach while we’re also in discussions in a few places in Asia.”