Las Vegas Sands Corp Reaffirms Interest to Expand in Vietnam

Las Vegas Sands Corp (LVSC) has once again shown its willingness to expand towards Asia. One of the biggest casino groups in the world, LVSC has employed a different strategy from competitors such as MGM Resorts and Wynn Resorts focused on acquiring new properties in the USAby turning its head towards developments in unexploited markets.

LVSC has a $10 billion investment in a resort in Japan up its sleeve, together with the ambition to secure one of the two gambling operator licenses the country is about to issue. The corporation has a similar casino development plan as far as Vietnam is concerned. Given that the Vietnamese government has lifted the gambling ban on local citizens, Hanoi or Ho Chi Minh City may offer lucrative opportunities.

As an expert in developing Meetings, Incentives, Conventions and Exhibitions (MICE) resorts, LVSC is looking to replicate its domestic success on the Vietnamese market. Although the company will have to act with caution since legal gambling is on a three-year experiment in the country, the benefits are expected to outweigh the risks.

According to LVSC Managing Director of Global Development George Tanasijevich, a MICE project in Vietnam will encourage international investors and result in a significant tourism boost for the country.

Recent Posts

UK Gambling Commission issues a £6m fine to online operator Casumo

The UK Gambling Commission has issued a £6m (EUR 7.0m / USD 8.2m) penalty to online operator Casumo for severe…

3 weeks ago

Dutch Remote Gambling Act comes into force April 1

The Dutch Gambling Authority (Kansspelautoriteit/Ksa) expects that by October 1 this year, roughly 6 months from the enactment of the…

4 weeks ago

888 Holdings report a staggering 52% increase in revenue during 2020

Amidst a global pandemic, 888 Holdings has reported a staggering 52% increase in revenue during full-year 2020 to $849.7 million…

4 weeks ago

Playtech and Flutter shake hands on another 5 years

Playtech, a leading global gambling technology company, have announced the extension of their partnership with Flutter Entertainment for its Paddy…

4 weeks ago

Will FUN Token be on solid ground in iGaming?, a large online (crypto) casino is ambitious and is looking to turn the FunFair (FUN)Token into the token of…

1 month ago

Has Swedish regulation failed?

Gustaf Hagman strongly believes so. In a recent interview with Gambling Insider, the LeoVegas Chief Executive Officer expressed his concern…

2 months ago