Japan No Longer Includes Las Vegas Casino Companies' Undivided Attention, as Brazil Emerges as Target

Japan No Longer Includes Las Vegas Casino Companies' Undivided Attention, as Brazil Emerges as Target

The major nevada casino companies have been focused on Japan's forthcoming gambling market for months, but the Asian nation no longer has their complete attention.

The pool in Rio where Michael Phelps won his record 23rd gold medal now sits in disrepair. Billions with debt, Brazil is searching to legalize gambling to help offset its losses, and Las Vegas casinos are chomping during the bit.

Almost 11,000 kilometers away in South America, Brazil's steps to legalize gambling enterprises has quickly attracted the eyes and ears of most globe's leading gaming and hospitality conglomerates.

Las Las Vegas Sands and Caesars Entertainment both recently confirmed that they are actively taking a look at Brazil for possible expansion.

Owned by billionaire Sheldon Adelson, Sands has plenty of experience casinos that are operating of this United States. The planet's casino company that is richest has numerous properties in Macau, China's special gaming enclave, as well as its $8 billion Marina Bay Sands in Singapore.

Almost out of bankruptcy, Caesars can also be focused on growing its brand internationally. That is a big modification for the corporation which has mostly focused on domestic properties throughout its history.

'You're looking at what could be significant markets,' Caesars Executive Vice President of Public Policy Jan Jones Blackhurst told the Las Vegas Review-Journal.

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