The main Las Vegas casino companies have been focused on Japan’s forthcoming gambling market for months, but the Asian country 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 looking to legalize gambling to simply help offset its losses, and Las Vegas casinos are chomping at the bit.
Almost 11,000 kilometers away in South America, Brazil’s steps to legalize casinos has quickly attracted the eyes and ears of most world’s leading gaming and hospitality conglomerates.
Las Las Vegas Sands and Caesars Entertainment both recently confirmed they are actively considering Brazil for possible expansion.
Owned by billionaire Sheldon Adelson, Sands has a lot of experience operating casinos outside regarding the United States. The planet’s casino company that is richest has multiple properties in Macau, China’s special gaming enclave, as well as its $8 billion Marina Bay Sands in Singapore.
Nearly away from bankruptcy, Caesars is also focused on growing its brand internationally. That’s a big change for the company that has mainly concentrated on domestic properties throughout its history.
‘You’re looking at what could be markets that are significant’ Caesars Executive Vice President of Public Policy Jan Jones Blackhurst told the Las Vegas Review-Journal.