Las Vegas Sands is one of the casinos that saw their stock prices fall Monday, July 2, 2018. But, it is not stopping them from trying to expand. Tuesday, July 3, 2018, the company announced their partnership for the Osaka World Expo Bid.
Osaka, Japan is trying to host the 2025 World Expo. The Las Vegas Sands wishes to get one of the three casino licenses that will be up for bid. To promote their desire, Las Vegas Sands and owner Sheldon Adelson, have decided to support Japan by helping them win the bid for the World Expo in 2025.
The Sands hotel group is just one of a short list of casinos that are showing their support and wish to gain a casino license when the Diet is done with the bill. There are just a few finalization concepts that need to happen for the bill to get through legislation, and then integrated resorts can begin trying in earnest to win the bids.
The Las Vegas Sands hotel and casino group stated back in March that they would help back Japan for the World Expo. George Tanasijevich, the managing director of global development for the Sands, said Osaka is an important and wonderful business city, with a long history and rich culture. It would be amazing to work alongside such dynamic people. The 2025 World Expo is an opportunity for Osaka to highlight the city’s qualities to more businesses and people.
The Las Vegas Sands is proud and happy to be an “official partner” for the 2025 World Expo Bid. They hope Osaka is able to get through the final stages and gain the win.
Melco Resorts is also backing Japan with regards to the expo. They started their partnership back in October. Hard Rock, Caesars, and MGM have all followed suit to help the country bid to bring the expo to Osaka.
These casino companies are also the same ones that would like to win the bid for the casino licenses. Unfortunately, only three will be available according to the legislation. The casinos are supposed to be near cities, but not close enough to ruin the ambience. Japan is bidding against Russia and France.
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