Asia as the world’s casino hub? You can bet on it
US gaming giant Las Vegas Sands has flagged that it is keen to expand its casino empire in Asia.
“We are talking to…five, six, seven countries and they all said they want to copy what we did here (in Macau) and they said they want to copy Singapore,†said LV Sands chairman, Sheldon Adelson, speaking during the Global Gaming Expo Asia.
“I am of the conviction that you can put five full-scaled Las Vegases and you still won’t be overbuilt,†said Adelson, whose Macau properties include the 3,000-room Venetian.
According to AFP, Sands spokesman Ron Reese later told reporters that the firm was eyeing Taiwan, Vietnam, Japan and Korea for integrated resorts.
Singapore is set to overtake Las Vegas as the world’s second-largest gambling hub this year, Frank Fahrenkopf, the head of the US gaming industry, said this week.
Gambling revenue in Macau, the only place in China where casinos are legal, achieved a new record in May with a 42 percent jump year-on-year at US$3 billion – a record high for the fourth month in a row.
Ian Jarrett
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