Las Vegas Sands Considers Expansion to Thailand Amid Licensing Delays in New York
Las Vegas Sands Casino (LVS) recently released an earnings report that received mixed reactions from analysts. While the company showcased strong financial growth in its established markets and expressed optimism about future prospects, it also expressed disappointment over delays in obtaining licensing in New York.
CEO Rob Goldstein hinted at the possibility of LVS expanding into Thailand in light of the challenges faced in New York. The company had planned to develop a multibillion-dollar resort and casino near the Long Island Coliseum, but encountered obstacles including opposition from Hofstra University and legal hurdles.
The lack of clarity from authorities regarding the New York project has left LVS in a state of uncertainty. As a result, the company is exploring opportunities to enter the Southeast Asian market, with Thailand emerging as a potential starting point for its expansion efforts.
21 April 2024, 11:48
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