{"id":4803,"date":"2019-08-23T08:36:49","date_gmt":"2019-08-23T08:36:49","guid":{"rendered":"https:\/\/www.casinosrealmoney.com\/news\/?p=4803"},"modified":"2019-08-23T08:36:49","modified_gmt":"2019-08-23T08:36:49","slug":"las-vegas-sands-sets-sight-on-yokohama-tokyo-for-casino-project","status":"publish","type":"post","link":"https:\/\/www.casinosrealmoney.com\/news\/las-vegas-sands-sets-sight-on-yokohama-tokyo-for-casino-project\/","title":{"rendered":"Las Vegas Sands Sets Sight on Yokohama, Tokyo for Casino Project"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Renowned casino operator Las Vegas Sands has announced that it is no longer pursuing plans to develop a casino resort in Osaka, Japan. Instead, the behemoth casino operator plans to <a href=\"https:\/\/investor.sands.com\/press-releases\/press-release-details\/2019\/Sands-Sets-Sights-on-Tokyo-and-Yokohama-Will-Not-Pursue-Osaka-IR-Bid\/default.aspx\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"shift its focus on development opportunities in Tokyo and Yokohama (opens in a new tab)\">shift its focus on development opportunities in Tokyo and Yokohama<\/a>. This announcement was made by the company&#8217;s CEO and Chairman, Sheldon Adelson, in a statement that was delivered on Thursday, August 23<sup>.<\/sup><\/p>\n\n\n\n<p>The gaming and entertainment operator is looking to further\nextend its regional presence in the Asian market and Japan is a great place to\nstart since the country has recently set in motion plans to bring in the casino\nbusiness through integrated resorts. Japan is now on the verge of launching the\nlocation selection and licensing process of its casino legalization process\nthat is to turn three of its cities into major gambling and entertainment\ndestinations. As it stands, Las Vegas Sands currently operates integrated\nresorts in Singapore and Macau \u2013 both of these operations have been monumental\nto the global success and growth of the company.<\/p>\n\n\n\n<p>According to Sheldon Adelson, Las Vegas has for the past several years <a href=\"https:\/\/www.casinosrealmoney.com\/news\/las-vegas-sands-uninterested-in-japans-rural-casino-resorts\/\">engaged in conversations<\/a> with the Osaka government with regards to the possibility of building a world-class integrated resort. This was before he broke the news that the company will no longer be pursuing the license and <strong>thanked them for their support and professionalism.<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;Consistent with our long-held strategy and our track record of success in achieving it, our company will drive organic growth by strongly reinvesting in our existing portfolio of properties in Macao, Singapore and Las Vegas, reward our shareholders through our dividend and share repurchase programs and target new development opportunities that allow us to maintain our industry-leading returns on invested capital \u2013 and we think an investment in Tokyo or Yokohama gives us the best opportunity to do exactly that,&#8221; he concluded.<\/p><\/blockquote>\n\n\n\n<p>Yokohama, one of the locations Las Vegas Sands, has plans to\nbuild the integrated resort at Yamashita Wharf which is located next to the\nvery popular Yamashita Park, tourist hub.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" class=\"wp-block-heading\" id=\"tight-competition\">Tight Competition<\/h2>\n\n\n\n<p>Gaming and entertainment operators from all around the globe have been planning to enter the countries forthcoming gambling market and all of them hope to win over the public and the country&#8217;s officials. Sands&#8217; <a rel=\"noreferrer noopener\" aria-label=\"decision to pull back from Osaka (opens in a new tab)\" href=\"https:\/\/www.japantimes.co.jp\/news\/2019\/08\/22\/national\/las-vegas-sands-not-pursue-casino-resort-osaka\/#.XV66xOgzZPY\" target=\"_blank\">decision to pull back from Osaka<\/a> has left the field open for other competitors while making the competition a little tighter. Still, it is important to note that it will be years before the first integrated casinos open for business since <strong>the selection of both the cities and the operators is still work in progress.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Renowned casino operator Las Vegas Sands has announced that it is no longer pursuing plans to develop a casino resort in Osaka, Japan. Instead, the behemoth casino operator plans to shift its focus on development opportunities in Tokyo and Yokohama. This announcement was made by the company&#8217;s CEO and Chairman, Sheldon Adelson, in a statement [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":4804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[239,171,339,340,341],"class_list":["post-4803","post","type-post","status-publish","format-standard","hentry","category-business","tag-las-vegas-sands","tag-osaka","tag-sheldon-adelson","tag-tokyo","tag-yokohama"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Las Vegas Sands Sets Sight on Yokohama, Tokyo for Casino Project - Casinos Real Money News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casinosrealmoney.com\/news\/las-vegas-sands-sets-sight-on-yokohama-tokyo-for-casino-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Las Vegas Sands Sets Sight on Yokohama, Tokyo for Casino Project - Casinos Real Money News\" \/>\n<meta property=\"og:description\" content=\"Renowned casino operator Las Vegas Sands has announced that it is no longer pursuing plans to develop a casino resort in Osaka, Japan. Instead, the behemoth casino operator plans to shift its focus on development opportunities in Tokyo and Yokohama. This announcement was made by the company&#8217;s CEO and Chairman, Sheldon Adelson, in a statement [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casinosrealmoney.com\/news\/las-vegas-sands-sets-sight-on-yokohama-tokyo-for-casino-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Casinos Real Money News\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-23T08:36:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casinosrealmoney.com\/news\/wp-content\/uploads\/sites\/2\/2019\/08\/sands-logo-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"940\" \/>\n\t<meta property=\"og:image:height\" content=\"463\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Palmer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Palmer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.casinosrealmoney.com\/news\/las-vegas-sands-sets-sight-on-yokohama-tokyo-for-casino-project\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.casinosrealmoney.com\/news\/las-vegas-sands-sets-sight-on-yokohama-tokyo-for-casino-project\/\"},\"author\":{\"name\":\"Alexander Palmer\",\"@id\":\"https:\/\/www.casinosrealmoney.com\/news\/#\/schema\/person\/18927eb4f1b1ccf917a41a238196887e\"},\"headline\":\"Las Vegas Sands Sets Sight on Yokohama, Tokyo for Casino Project\",\"datePublished\":\"2019-08-23T08:36:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.casinosrealmoney.com\/news\/las-vegas-sands-sets-sight-on-yokohama-tokyo-for-casino-project\/\"},\"wordCount\":437,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.casinosrealmoney.com\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.casinosrealmoney.com\/news\/las-vegas-sands-sets-sight-on-yokohama-tokyo-for-casino-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casinosrealmoney.com\/news\/wp-content\/uploads\/sites\/2\/2019\/08\/sands-logo-1.jpg\",\"keywords\":[\"Las Vegas Sands\",\"Osaka\",\"Sheldon Adelson\",\"Tokyo\",\"Yokohama\"],\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.casinosrealmoney.com\/news\/las-vegas-sands-sets-sight-on-yokohama-tokyo-for-casino-project\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casinosrealmoney.com\/news\/las-vegas-sands-sets-sight-on-yokohama-tokyo-for-casino-project\/\",\"url\":\"https:\/\/www.casinosrealmoney.com\/news\/las-vegas-sands-sets-sight-on-yokohama-tokyo-for-casino-project\/\",\"name\":\"Las Vegas Sands Sets Sight on Yokohama, Tokyo for Casino Project - 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