Las Vegas Operators Heading to Asia
The executives of the Nevada based second largest gaming operator in the world by revenue, which currently operates 15 establishments in Nevada, are explaining that they are starting to consider expanding their businesses outside of the Las Vegas Strip. At this point in time, company representatives claim that they have become aware of the opportunities that the Asian market can provide.
Las Vegas companies are starting to consider opening new gambling establishments in Macau, which has become the world’s largest gambling hub and appeals to all kinds of gamblers, from middle-class visitors to high-rollers. Besides that, Macau now has nearly three times the revenue relative to Las Vegas, raking in no less than $30 billion in annual revenue.
Elsewhere in Asia, Las Vegas investors are also being very active, Japan being one of the countries where legislators are considering expanding their regulatory regime. Furthermore, Korea is seen as an upcoming market, the government examining opportunities regarding permitting integrated resorts in the region. Nevada operators and slot developers are seeking large opportunities in these profitable locations which will most surely open up to partnerships between them and Las Vegas entrepreneurs.
BY CASINOWEBSCRIPTS PUBLISHED 16 August 2013