Las Vegas Sands is looking to build a casino resort in New York’s Nassau Coliseum, but the bidding process for a NY casino has taken so long that Las Vegas Sands owners may look to alternate locations in Thailand.
Chief Financial Officer of Las Vegas Sands, Patrick Dumont, has stated that his company is ‘disappointed’ with the lack of organisation from New York – as his casino and resort company looks to open a new property at the Nassau Coliseum.
“I don’t think we have any real clarity. And to be honest with you, it’s confusing and disappointing because we’ve done a lot of work in New York and a lot of time into it.” said Dumont earlier this week. “So I have no guidance because I don’t really know what to tell you with candor and insight.
“I Just don’t know about New York,” added Dumont. “We wish they figured it out and let us know. We just don’t know. So we’ll remain hopeful that things turn around there.”
Las Vegas Sands has proposed a $6Billion casino and hotel resort in Uniondale, with Nassau Coliseum set to be transformed into a downstate casino for state residents to marvel at.
New York regulators were supposed to open bidding on three downstate casino permits this year, but now it looks like any potential bid may be delayed until 2025 or potentially 2026 at the earliest.
Hope For Las Vegas Sands In Asia
Despite the disappointment from New York this month, Las Vegas Sands CEO Rob Goldstein wouldn’t rule out a move to Asia for a new property in either Thailand or Japan.
“We absolutely have interest in Thailand… It could happen quicker than Japan. I think it’s conceivable, it’s early days though and we still have work to do with the numbers and understanding it.
“It is a very, very exciting market in a lot of levels, and just the sheer size of population, the accessibility and the willingness of people travel to Thailand. It’s obviously, I think, the number one resort destination city in Asia.”
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