On Wednesday, February 25, Las Vegas Sands Chairman and CEO Rob Goldstein spoke at the conference about his group’s results for the fourth quarter of 2022.
On this occasion, he made some interesting announcements. In particular, he officially acknowledged that the operator was taking a keen interest in Thailand.
He also discussed his proposed hotel-casino in southern New York State, which could cost between $4 billion and $5 billion.
Only 5 hotel-casinos in Macau and the Marina Bays Sands in Singapore
Founded in 1988 by businessman Sheldon Adelson, who died on January 12, 2021, the Las Vegas Sands group is currently the international land-based casino operator with the largest market capitalization.
Although it is based in the state of Nevada, it is no longer present in America.
Its portfolio now includes only five hotel-casinos in Macau and the Marina Bays Sands in Singapore. This is why it wants to expand into other markets, as its CEO further stated during the recent conference, which is the subject of today’s news.
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A hotel-casino project in Thailand finally made official
For some time now, rumors have been circulating that Las Vegas Sands is working on a hotel-casino project in Thailand. It’s finally here: Rob Goldstein has officially confirmed this long-standing rumor, acknowledging that his group is keenly interested in the country and hopes to have a presence there in the future.
As a result, the operator is once again reaffirming its interest in the Asian continent. Since it ultimately did not submit its bid to Japan and Korea currently offers nothing viable, it is now looking towards Thailand.
A budget of $4 to $5 million for its hotel-casino project on Long Island
To expand, Las Vegas Sands also recently unveiled a hotel-casino project in southern New York State, where the eponymous metropolis is also located. Unlike most of its competitors, which are seeking one of the three planned licenses, it is not seeking to establish itself in this city specifically.
No, his project is located in the suburbs. If ultimately chosen, it will be built in place of the Nassau Veterans Memorial Coliseum on the western edge of Long Island in Nassau County, which borders the borough of Queens.
On this subject, Rob Goldstein has just announced that the Las Vegas Sands group could spend 4 to 5 billion dollars on this project which would bring together a large hotel with a spa, a convention space, dozens of restaurants, a performance hall and a casino.
He also took the opportunity to point out that New York City and its surrounding areas represent the last great untapped frontier for the gaming industry in the United States. Indeed, it is probably the only place in the country where there are millions and millions of people and no casinos yet.
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