Casino majors eye Brazil

May 17, 2017 8:03 AM ETLas Vegas Sands Corp. (LVS)LVS, MGM, CZR, RRRBy: Clark Schultz, SA News Editor5 Comments
  • Las Vegas Sands (NYSE:LVS) CEO Sheldon Adelson was in Brazil this week to meet with top government officials about opportunities in the region.
  • Exploring the potential of bringing casinos to Brazil is nothing new in the industry, with execs from MGM Resorts (NYSE:MGM), Caesars Entertainment (NASDAQ:CZR) and Red Rock Resorts (NYSE:RRR) having also made the trip.
  • Legalization of gambling is being considered by many politicians in Brazil as a way to jumpstart the economy through tourism.

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