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Las Vegas Sands Eyes Japan, Thailand

Written by:
Guest
Published on:
Nov/30/2009

HONG KONG (TheStreet.com) -- Las Vegas Sands(LVS Quote) is eyeing further expansion into the Asian region, with growth opportunities in Japan, Thailand and India, its CEO told media outlets Monday.

Las Vegas Sands CEO Sheldon Adelson told Reuters that the company could expand into these other areas as early as next year through a joint venture between Las Vegas Sands and Sands China.

Adelson said Sands may also look into expanding into Vietnam or Malaysia, Reuters reported.

Las Vegas Sands is in the process of building its $5.5 billion Singapore casino, which is slated to open in March.

Shares of Sands' Macau assets made a disappointing debut on the Hong Kong stock exchange on Monday, closing down 10% at HK$9.32 after trading as low as HK$8.78.

Last week, the Las Vegas Sands initial public offering was priced at HK$10.38, at the low end of its expected range. Sands sold 1.87 billion shares in its initial public offering last week for a total of about $2.5 billion.

By Jeanine Poggi        

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