Print Email 0 Recs Las Vegas Sands Begins To Speak Spanish

In the eyes of the Las Vegas Sands (NYSE: LVS) CEO Sheldon Adelson, if growth is good, more is better growth. Now, he won in Las Vegas, Macao and Singapore, for his next move would be to Spain.

Adelson is discussed with the Spanish government to build the Las Vegas Strip in the style of development, which would cost somewhere around 10 to 15 billion euros (13.6 billion and $ 20.4 billion). Development would result in the business model of the Las Vegas Sands' is to combine the meeting, incentive, conventions and exhibitions (MICE), with the sprawling casino. So far it has worked in Las Vegas, Macao and Singapore, but to move to Europe is the biggest bet yet.

Moving to Spain does not move his head no to Las Vegas Sands Macao and Singapore. Asian players, and personalities, in particular, have an affinity for gambling, and the proximity of thousands of millions of people who did not hurt the proposal. There was also the help of Wynn Resorts (Nasdaq: Wynn), Melco Crown (NASDAQ: MPEL) and MGM MIRAGE (NYSE: MGM) to create a critical mass in Macao.

Macao and Singapore also have a virtual monopoly in the game in Asia, but Europe has a lot of competition a train journey. Germany, Greece, Portugal, Monaco and of course, have all the casinos that offer competition in Spain.

Then there is the issue of costs against the potential return on investment. Spanish development would likely pay more than the Las Vegas Sands has been used in casinos, opened in Macao and Singapore together. It would be a huge gamble in Las Vegas Sands and only add more debt to society, that almost at the end, because the debt two years ago (except for the sale of goods to Macao). I liked the big, Macao, but the big bet in Spain is a different story. Unemployment is around 20%, the economy is in bad condition, and there is already entrenched competition. Spain could be worth $ 20 billion investment?

What do you think of Las Vegas Sands to build a strip in Spain? Leave your thoughts in the comment box below.

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