It seems that Las Vegas Sands is taking seriously their bid on Yokohama and it is believed that the company will invest US$10–12 billion in this project.
“I think US$10 billion is the starting point. And I don’t think anybody’s going to do for less than US$10 billion unless you’re going to do something sub-par,” Robert Goldstein, President and Chief Operating Officer of Las Vegas Sands said.
“You know we have the balance sheet and the capability and the skill set to do it. The question is, can we get a return that?” he added.
Asked about Sands’ shift away from Osaka, Goldstein stated, “We just thought Yokohama was just a better fit for our skillset.”
“It would be helpful for us to look in the Japan market and find partners that could be useful to assist in the overall development, and that could be partners that we trade with, that could be partners that invest with us. We’re really meeting with people now,” Patrick Dumont, Executive Vice President and Chief Financial Officer of Las Vegas Sands said.
Ever since Japanese officials in the prefecture allowed foreign companies to bid for venues, foreign companies have been all over the place. It yet remains to be seen who will get Yokohama because LV Sands could not be the only one pretending to snatch this venue.