Las Vegas Sands Abandons Japan Casino Plans
The biggest growth opportunity Las Vegas Sands (NYSE: LVS) has had in more than a decade has now been abandoned. On Tuesday night, the company sent out a press release that said it was abandoning its pursuit of an integrated resort in Japan.
The move follows years of speculation and delays; Japan still hasn't set concrete rules for obtaining or running a casino in the country. And Las Vegas Sands CEO Sheldon Adelson doesn't think the potential reward of building there lines up with what his company would have had to invest in the country to attain a winning bid.
Image source: MGM Resorts.
Source Fool.com
