Las Vegas Sands to Invest $10 Billion in Japanese Casino

by Sarah Lewis on 2014/02/24

24 February 2014 – The world’s biggest gambling company by market value, Las Vegas Sands Corporation, is ready to invest $10 billion in a Japanese casino. Japan is considered to be the second-largest casino market in Asia. That is why billionaire Chairman and Chief Executive Officer Sheldon Adelson said that they “will spend whatever it takes” to build the casino. Casinos are currently banned in the country; only bets on horse, boat and bicycle races are allowed. However, since Tokyo is selected to host the 2020 Olympic Games, confidence is boosted that a law legalizing casinos will be passed.