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Las Vegas Sands tells more about Thailand and New York

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Home/Las Vegas Sands tells more about Thailand and New York

Las Vegas Sands tells more about Thailand and New York

On Wednesday, February 25, Las Vegas Sands Chairman and CEO (Rob Goldstein) spoke at the conference about his group’s results achieved in the fourth quarter of the year 2022.

On this occasion, he made some interesting announcements. In particular, he officially acknowledged that the operator was very interested in Thailand.

In addition, he also mentioned his hotel-casino project in the south of New York State, whose budget could reach 4 to 5 billion dollars.

Only 5 hotel-casinos in Macau and the Marina Bays Sands in Singapore

Created in 1988 by the businessman Sheldon Adelson, who died on January 12, 2021, the Las Vegas Sands group is currently the land-based casino operator with the largest market capitalization in the world.

Even though it is based in the state of Nevada, it no longer has a presence in America.

In its portfolio, there are only 5 casino hotels in Macau and the Marina Bays Sands in Singapore. This is the reason why it wishes to develop in other markets, as its CEO made known again during the recent conference which interests us through the news of this day.

Hotel-casino project in Thailand finally 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 very interested in the country and wants to be present there in the future.

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As a result, the operator once again reaffirms its attraction for the Asian continent. As it did not present its candidacy in Japan and as Korea does not offer anything viable for the moment, it is therefore on the side of Thailand that it is now looking.

A budget of 4 to 5 million dollars for his hotel-casino project on Long Island

In order to expand, Las Vegas Sands also recently unveiled a hotel-casino project in southern New York State, where the eponymous metropolis is also located. Contrary to most of its competitors wishing to obtain one of the 3 planned licenses, it is not seeking to establish itself in this city precisely.

No, his project is located in the suburbs. If it is finally chosen, it will be built in place of the Nassau Veterans Memorial Coliseum on the west side of Long Island in Nassau County, which borders the borough of Queens.

On this subject, Rob Goldstein has just declared 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 theater and a casino.

He also took the opportunity to point out that New York City and its surroundings represent the last great untapped frontier for the gaming industry in the United States. Indeed, it is surely the only place in the country where there are millions and millions of people and no casinos at the moment.

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