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Las Vegas Sands prepared to spend $10B on Japan casino • This Week in Gambling
Bloomberg – Las Vegas Sands Corp. (LVS), the world’s largest gambling company by market value, said it’s ready to invest $10 billion in Japan, projected to be Asia’s second-largest casino market. “We will spend whatever it takes,” billionaire Chairman and Chief Executive Officer Sheldon Adelson said at a media briefing in Tokyo. “We could pay all cash. We don’t have to, but we will borrow money in a typical mortgage-to-value ratio.” Sands is opening offices and hiring in Japan, said Adelson, who’s attending a conference on investing in Japan today. The company would also consider working with a local partner...
This Week in Gambling