Las Vegas Sands Plans To Dominate India Casino Industry

While many casino developers are turning down their expansion efforts, Las Vegas Sands is turning up the heat. They are currently exploring the possibility of bringing a strip of casinos to India.

The company already owns and operates the biggest gambling resort in Macau. They are now setting their sights on something similar to their Macau arrangement.

"We would like to build a Cotai Strip in India. We would be happy to spend $12 billion there," said Chairman Sheldon Adelson. India would be a big market for any casino developer due to their population, which is second to only China's in the world.

Adelson already has plans to build up to fourteen hotels on the Cotai Strip by the year 2013. The company has laid claim to being dominant in the Macau market, and now has their eyes on capturing the world.

They do have competition, however, Their Las Vegas rivals Wynn Resorts Ltd. is also putting a push on to own the Asian market. When word of Adelson's remarks resonates through the Wynn company, they will most likely be watching India a little closer.

August 28, 2008
Posted By Larry Rutherford
Staff Editor, CasinoGamblingWeb.com
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