Las Vegas Sands in talks to develop new integrated resort in “a major country” in Asia: Rob Goldstein

March 14, 2022 Japan Emerging Markets

Las Vegas Sands Chairman and CEO Rob Goldstein has revealed the company is in talks with “a major country” in Asia to develop an integrated resort.

Although he has not revealed where, Goldstein did reveal that the project, should it proceed, would be of a similar scale to the company’s Singapore IR, Marina Bay Sands, according to an interview with Las Vegas Review-Journal.

“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.”

Goldstein has previously flagged the company’s intention to pursue new developments both domestically in the United States and in Asia following the recent US$6.25 billion sale of its Las Vegas assets. The company has previously expressed interest in Thailand and had been pursuing an IR license in Yokohama, Japan before withdrawing its bid in 2020. Fellow Las Vegas-based operator Wynn Resorts recently announced plans to develop an IR in the United Arab Emirates.

Goldstein confirmed Japan is no longer on the Las Vegas Sands radar but noted that wherever the company ends up, it plans to implement the IR model that has served it well in Las Vegas, Singapore and Macau.