For subscribers
Las Vegas Sands gives up on $14b Japan casino project
Sign up now: Get ST's newsletters delivered to your inbox
Las Vegas Sands founder Sheldon Adelson has abandoned expansion efforts in the past when the anticipated returns didn't seem like they were worth the risk.
PHOTO: AFP
TOKYO (BLOOMBERG) -- Las Vegas Sands, the world's largest casino company, is dropping its pursuit of a license in Japan, ending a multidecade quest for what was one of the biggest prizes in the global gambling business.
The company founded by billionaire Sheldon Adelson has been trying to expand in Japan since at least 2005, but management objected to some terms of the country's casino legislation, according to people familiar with the matter.
