Newsday is reporting that Nassau County has approved using the site of the Nassau Colosseum for a Las Vegas Sands ($LVS) multi-billion dollar hotel and casino. Sands has been talking about expanding into a new market for years. For a while it looked like Spain was the best option, and then, the company was almost certain to get the coveted Osaka, Japan license. Neither country has moved forward with plans. Japan has made such a mess of the process that it went from the most attractive new gaming market in the world to so many gaming companies dropping out that there’s no competition for licenses. Expansions in Thailand, Vietnam, and Korea were all considered, and at some point, the company looked at the Philippines. We’ll be looking forward to learning more about the profitability of operating in the union-heavy expensive New York market.
Original reporting here: https://www.newsday.com/long-island/politics/casino-nassau-las-vegas-sands-yubewiy0.
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