Sands, one of the world’s largest and most well-known casino operators, has expressed disappointment in the process of selecting a casino operator for the new integrated resort in New York. The company, which had high hopes of securing the bid for the lucrative project, was ultimately left out of the running.
In a statement released to the press, Sands CEO Robert Goldstein expressed his disappointment in the selection process, citing concerns over transparency and fairness. “We believe that our proposal was strong and competitive, and we are disappointed that we were not selected for this project,” said Goldstein. “We remain committed to pursuing opportunities for growth in the US market, but we will be closely monitoring the situation in New York and evaluating our next steps.”
Despite the setback in New York, Sands remains bullish on its prospects in Thailand. The company recently announced plans to expand its presence in the Southeast Asian country, where gambling laws are currently being liberalized. Sands is in talks with local authorities to develop a new integrated resort in Bangkok, which would cater to both domestic and international visitors.
Thailand is seen as a promising market for casino operators, with a growing middle class and increasing tourism numbers. Sands believes that its expertise in developing world-class integrated resorts will position it well to capture a significant share of the market in Thailand.
In addition to its plans in Thailand, Sands is also looking to expand its footprint in other international markets. The company recently announced a partnership with a local developer in Japan to develop an integrated resort in Osaka, which is set to open in the next few years.
Despite the disappointment in New York, Sands remains optimistic about its future growth prospects. With a strong track record of success in the casino industry and a solid pipeline of development projects, the company is well-positioned to capitalize on opportunities in both established and emerging markets around the world.
