Boston, MA 09/02/2014 (wallstreetpr) – Las Vegas Sands Corp. (NYSE:LVS) is one of the largest casino and resort operators of America. The company is looking forward to building a world-class casino and resort in South Korea, which can be used by locals, but with certain restrictions.
Why LVS Wants To Build A Casino In South Korea:
South Korea is the fourth largest economy of Asia and has a lot of scopes to grow in coming time. It has eased the casino regulations in the past some time with an objective to attract investors. Due to this fact Las Vegas Sands Corp. (NYSE:LVS) is trying to make an investment in S. Korea so that various opportunities and excellent market conditions can be explored. According to George Tanasijevich, Managing Director of global development at LVS said that Korea had a lot to offer to casino and resort agency. The market conditions of Korea are good for the industry Las Vegas Sands Corp. (NYSE:LVS) works in, and it could make use of the existing opportunities in Korean economy. The management of the company is very eager to make an impact in S. Korea.
As per the reports given by Las Vegas Sands Corp. (NYSE:LVS), it has given a proposal of preparing a world-class building in Jamsil to the Seoul Government. Jamsil is the same destination where 1988 Olympic Games main stadium was located. The destination shares proximity with 123-story Lotte World Tower (currently work in progress) and Han River that runs through the capital city. As per the recent reports, the total population of the capital city is little more than 10 million.
Tanasijevich said that the company had proposed to move baseball stadium to some other place so that the Jamsil site can be used as a leading international meetings, incentives, conferences and exhibitions (MICE) destination. If government can move the basketball stadium, then a huge problem will be resolved.
