A new and potentially substantial Asian IR development allegedly on the cards for global casino giant Las Vegas Sands (LVS) is likely referring to Thailand, according to brokerage Bernstein.
LVS Chairman and CEO Rob Goldstein told the Las Vegas Review-Journal in a weekend interview that the company is in talks with “a major country” in Asia to develop an integrated resort of a similar scale to Marina Bay Sands in Singapore.
“I don’t want to say where, but we’ve had some rather interesting conversations with a major country there that has reached out to us,” Goldstein said.
“It’s proprietary, but we’re looking to build something of scale much like Marina Bay Sands. A lot of countries in Asia have reached out to us over the years, but nothing’s happened. This one feels like it might be a major prospect. A major country, a top-tier country. I hope it’s real.”
In…
