{"id":205215,"date":"2022-03-14T09:15:23","date_gmt":"2022-03-14T16:15:23","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=205215"},"modified":"2022-03-14T12:51:08","modified_gmt":"2022-03-14T19:51:08","slug":"las-vegas-sands-considering-another-asian-market-for-new-casino","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/las-vegas-sands-considering-another-asian-market-for-new-casino\/","title":{"rendered":"LVS Teases Marina Bay Sands-Esque Project in Unidentified Asian Country"},"content":{"rendered":"

Las Vegas Sands (NYSE:LVS) CEO Rob Goldstein says the gaming company is in discussions with a major Asian country about bringing an integrated resort on par with Marina Bay Sands to that nation.<\/p>\n

\"Las
Marina Bay Sands in Singapore. Operator Las Vegas Sands is talking with another Asian country regarding a project of a similar scale. (Image: Edgar Su\/Reuters<\/em>)<\/figcaption><\/figure>\n

The Sands boss made the comments last Friday in an interview with the Las Vegas Review-Journal,<\/i> noting a lot of Asian countries have reached out to the operator over the years. But \u201cthis one feels like it might be a major prospect.\u201d<\/p>\n

I don\u2019t want to say where, but we\u2019ve had some rather interesting conversations with a major country there that has reached out to us,\u201d<\/strong> said Goldstein in the interview with the Review-Journal’s <\/i> Richard Velotta.<\/p><\/blockquote>\n

Sands recently completed the $6.25 billion sale<\/a> of its home city assets \u2014 Venetian, Palazzo and Venetian Expo \u2014 meaning its portfolio is comprised of five integrated resorts in Macau and Marina Bay Sands (MBS) in Singapore.<\/p>\n

Let the Speculation Begin<\/h2>\n

With Goldstein declining to identify the country that approached Sands, analysts and industry observers will likely have a field day attempting to identify which Asian nation is talking with the gaming company.<\/p>\n

\n

Obviously, Macau and Singapore are off the list, because the former is pushing operators to offer more non-gaming amenities, while the latter’s gaming laws allow for just two integrated resorts, which it has in the form of MBS and Resorts World Sentosa. The country probably isn’t Japan, either, as it’s been almost two years since Sands halted its pursuit of a gaming permit<\/a> there.<\/p>\n<\/div>\n

The Philippines, South Korea, and Vietnam all have casinos. But it’s questionable as to whether any of those markets offer the scale Sands is looking for. LVS has previously been tied to Australia rumors<\/a>, but nothing came of that speculation.<\/p>\n

In January, rival Wynn Resorts (NASDAQ:WYNN) announced plans for an integrated resort on Al-Marjan Island in the United Arab Emirates, which is on the Asian continent.<\/p>\n

\u201cSo it\u2019s something that we will continue to watch and look at. But there are a lot of high-quality markets that are available to our company,\u201d <\/strong>said CFO Patrick Dumont on Sands’ fourth-quarter earnings conference call.<\/p>\n

Why Geographic Diversification Matters for LVS<\/h2>\n

As noted above, the current entirety of the Las Vegas Sands portfolio is MBS and five Macau venues, with the latter continuing to weigh on the stock.<\/p>\n

\n

Amid a new coronavirus travel shutdown in mainland China, shares of LVS — the largest Macau operator — are off 10 percent today. That means that not only has the stock given up all its gains from earlier this year, when clarity on Macau gaming policy emerged, it also means the shares sank to a new 52-week low.<\/p>\n<\/div>\n

In other words, adding a venue or two outside of Macau could be a long-term benefit for LVS and its shareholders. On that note, Goldstein told the Review-Journal<\/i> the company continues mulling domestic opportunities, including Florida, New York, and Texas.<\/p>\n","protected":false},"excerpt":{"rendered":"

Las Vegas Sands (NYSE:LVS) CEO Rob Goldstein says the gaming company is in discussions with a major Asian country about bringing an integrated resort on par with Marina Bay Sands to that nation. The Sands boss made the comments last Friday in an interview with the Las Vegas Review-Journal, noting a lot of Asian countries […]<\/p>\n","protected":false},"author":46,"featured_media":205217,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62],"tags":[],"acf":[],"yoast_head":"\nLas Vegas Sands Considering Another Asian Market For New Casino<\/title>\n<meta name=\"description\" content=\"Las Vegas Sands CEO Rob Goldstein says company is in talks with a major Asian country for a gaming venue.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/las-vegas-sands-considering-another-asian-market-for-new-casino\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Las Vegas Sands Considering Another Asian Market For New Casino\" \/>\n<meta property=\"og:description\" content=\"Las Vegas Sands CEO Rob Goldstein says company is in talks with a major Asian country for a gaming venue.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/las-vegas-sands-considering-another-asian-market-for-new-casino\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-14T16:15:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-14T19:51:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/MBS-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1710\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-considering-another-asian-market-for-new-casino\/\",\"url\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-considering-another-asian-market-for-new-casino\/\",\"name\":\"Las Vegas Sands Considering Another Asian Market For New Casino\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-considering-another-asian-market-for-new-casino\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-considering-another-asian-market-for-new-casino\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/MBS-scaled.jpg\",\"datePublished\":\"2022-03-14T16:15:23+00:00\",\"dateModified\":\"2022-03-14T19:51:08+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Las Vegas Sands CEO Rob Goldstein says company is in talks with a major Asian country for a gaming venue.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-considering-another-asian-market-for-new-casino\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/las-vegas-sands-considering-another-asian-market-for-new-casino\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-considering-another-asian-market-for-new-casino\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/MBS-scaled.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/MBS-scaled.jpg\",\"width\":2560,\"height\":1710,\"caption\":\"Marina Bay Sands in Singapore. 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