Gaming analysts have long thought Sands and MGM to be the most likely candidates for licensure.<\/p>\n
Japan’s IR bill requires casino operators come “with high morals, a sense of responsibility, and clean nature.” With the authorization of gambling still unpopular among Japanese citizens, lawmakers also want companies to have proven track records managing properties around the world.<\/p>\n
The mandates might hurt Caesars, a company that has been primarily focused on the US, and Wynn, a company that recently endured a sex scandal that rocked the business and led to its founder’s resignation.<\/p>\n
Sands operates multibillion-dollar resorts in the US, China, and Singapore. Its $8 billion Marina Bay Sands has become the gold standard for IR development.<\/p>\n
\nMarina Bay Sands continues to serve as a powerful reference site for merging jurisdictions that are considering large scale integrated resort developments,” Adelson stated.<\/p>\n<\/blockquote>\n
He added that Sands has “a pioneering track record, unmatched development expertise, and financial strength that puts us in a leading position to take advantage of the most promising new development opportunities to have arrived.”<\/p>\n
MGM Resorts CEO Jim Murren says his company is also “well-positioned” in Japan, and has spent years “becoming immersed in Japanese culture.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Billionaire Sheldon Adelson believes his Las Vegas Sands empire is the frontrunner for licensure in Japan. Talking with investors this week on the company’s second-quarter conference call, Adelson said his long business ties with the Asian country give Sands an upper hand in obtaining one of the three coveted casino licenses. The 84-year-old sold Comdex, […]<\/p>\n","protected":false},"author":25,"featured_media":84673,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13,18,61],"tags":[],"acf":[],"yoast_head":"\n
Sheldon Adelson Says Sands in 'Leading Position' for Japan Casino<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n