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Spain might be in the middle of a severe debt crisis and recession caused by a real-estate bust,...

Spain might be in the middle of a severe debt crisis and recession caused by a real-estate bust, but Las Vegas Sands (LVS) CEO Sheldon Adelson plans to invest $35B in building a 12-resort casino complex in the country. The "mini Las Vegas" is a 5-10-year project, by which time Adelson expects demand to have picked up significantly.
Comments (3)
  • AlessandroDiRoma
    , contributor
    Comments (696) | Send Message
     
    This seems like Adelson overextending himself again. Unless he's just trying to build as much as possible while interest rates are low.
    11 Apr 2012, 10:33 AM Reply Like
  • cp757
    , contributor
    Comments (402) | Send Message
     
    When Steve Wynn re invented Las Vegas the idea of a 6 billion dollar markets in the gaming sector just did not exist. When Macau came on line 40 billion dollar markets did not exist and I agree at some point this expansion will need to come to some kind of optimum level for the world but I feel we are far from that point. The other thing I think everyone has failed to see is we are a real estate company. We all know what we can get when we sell the malls and condos in Singapore and Macau but can you imagine what we can sell the malls and condos in Spain for. Is golf a core business? we will own three in 2015 or 2016. If we can get over 20 billion for non core assets in Macau and Singapore we could get 40 billion for Spain. I think the stock will have a true value only when the market see's the value of the sale of the real estate. JMHO
    16 Apr 2012, 08:05 PM Reply Like
  • phemale60
    , contributor
    Comments (2776) | Send Message
     
    Yes, and his legacy important to him I'll bet.
    13 Apr 2012, 10:41 AM Reply Like
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