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ECONOMY

U.S. operator abandons bid to open casino in Japan due to coronavirus outbreak

  • May 13, 2020
  • , Nikkei
  • JMH Summary

Nikkei reported that Las Vegas Sands Corp. has decided to end its quest to obtain a casino license in Japan in order to concentrate its resources on operating existing facilities amid the global coronavirus pandemic. In announcing that the company is giving up on the billion-dollar Japan casino project, Chairman Seldon Adelson reportedly said it is time for the company to “focus our energy on other opportunities.”

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