The Las Vegas Sands Corp. gaming empire. is ready to soar even higher, with the revelation of its audacious investment plans in New York and the reaffirmation of its strategic interest in Texas.
The industry giant outlined the possibility of a casino resort in Nassau County, New York, with an estimated investment of around an impressive US$6 billion.
Construction of the casino still depends on a license
The news comes amid the announcement of the company’s robust fourth quarter financial results, highlighting solid performance in Macau and Singapore.
Then, CEO Rob Goldstein, during the earnings call, expressed confidence in the transformative potential of the project in New York, highlighting the company’s commitment to begin construction of the casino quickly, if it obtains the desired license in the state.
With nearly a dozen competitors in the race for one of three coveted casino operating licenses, Las Vegas Sands is looking to position itself as a leader, eyeing the Nassau Coliseum in Uniondale as the ideal location, despite objections from local groups including Hoftstra University .
Thus, even in the face of recent legal obstacles, such as a court’s unfavorable ruling regarding the transfer of leases from Nassau County to Las Vegas Sands, the company demonstrates resilience in its pursuit of approval.
However, Goldstein admitted that predictions about the timing of the state’s decision are uncertain.
In the south of the country, Las Vegas Sands keeps its eye on Texas, with the acquisition of strategic assets indicating long-term ambitions. Interest is demonstrated with the purchase of land near Texas Stadium in Irving.
Las Vegas Sands continues to lead in Macau and Singapore
The addition of Dr. Miriam Adelson and Patrick Dumont to the Dallas Mavericks ownership group adds a new element to the expansion strategy in the Dallas market.
The company continues to lead in Macau and Singapore. But industry analysts praise the strength of management and the company’s market capitalization dominance.
Therefore, in an ever-evolving landscape in the world of gaming, casino and entertainment, Las Vegas Sands is arousing interest not only among enthusiasts, but also among investors.