Las Vegas Sands reconsiders $6billion casino as iGaming gains momentum

Las Vegas Sands is still seeking a New York casino license, according to the CEO. They cannot, however, overlook the influence that internet gambling has on conventional, physical casinos, he underlined. According to him, the business is monitoring the ways in which online platforms alter the market. He went on to say that digital competitors are crucial to the planning of large construction projects.

"They might reconsider where they put their money if a city like New York legalizes online gambling," he said.

 

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Las Vegas Sands is actively pursuing a New York casino license, though they acknowledge the growing impact of online gambling on traditional casino models. The CEO emphasized that the rise of digital gaming platforms is reshaping the market, which plays a key role in strategic planning for large-scale developments. He noted that if a city like New York were to legalize online gambling, it might cause investors to rethink their allocation of resources. This careful market monitoring reflects the company’s adaptability to industry trends while considering major physical expansions.