Sands’ Goldstein: “Our Commitment to Japan is Immense”

In an earnings conference call on Wednesday, Las Vegas Sands President and Chief Operating Officer Robert Goldstein spoke enthusiastically about his companies prospects and plans in Japan.

“Our commitment to Japan is immense. It will be lots and lots of rooms—many, many rooms. There will be lots of retail. There will be lots of MICE, far beyond what people understand we’re thinking about for Japan,” he stated.

He added, “We don’t go into markets and look for a cheap way to do things. Sheldon’s approach has always been scale. It’s been dramatic. It’s design driven.”

Although Sands has largely avoided serious media scrutiny, Goldstein suggests that the company is in fact quite active within the country: “We are deep into it. We’re committed to it. We have a team on the ground there.”

He also mentioned a specific venue: “We are fully committed to be in Osaka.”

The January-March 2019 quarterly financial results reported by Las Vegas Sands were above expectations and regarded as positive, especially in Macau.

Overall, net revenue for the first quarter of 2019 increased year-on-year 1.9% to US$3.7 billion. Of that figure, US$2.3 billion was contributed by Sands China, which represented year-on-year growth of 8% within that market. (AGB Nippon)