The major Las Vegas casino companies have been focused on Japans forthcoming gambling market for months, but the Asian country no longer has their complete attention.
The pool in Rio where Michael Phelps won his record 23rd gold medal now sits in disrepair. Billions in debt, Brazil is looking to legalize gambling to help offset its losses, and Las Vegas casinos are chomping at the bit. (Image: Pilar Olivares/Reuters)
Nearly 11,000 miles away in South America, Brazils steps to legalize casinos has quickly attracted the eyes and ears of many of the worlds leading gaming and hospitality conglomerates.
Las Vegas Sands and Caesars Entertainment both recently confirmed that theyre actively looking at Brazil for possible expansion.
Owned by billion…
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