Sands Concerns Go Beyond Slots
Las Vegas Sands Corp has several concerns on the
horizon, both big and small. The international gaming provider just celebrated
the opening of the Sands Casino Resort Bethlehem in Pennsylvania. It has been
four years since the state legalized slot machines and the company successful
bid for one of he limited gambling licenses.
The cost to build the casino resort was
initially projected to be $300 million, today the cost stands at more than twice
that amount, $743 million. Although casino operators have allowed the public
access to the slot machines the rest of the resort remains incomplete. There is
still construction to be done on the mall, hotel, and entertainment venue.
Further development of the resort is being
delayed until economy recovers and the nation returns to a more construction
friendly time. One a positive note the slot machines in Pennsylvania are up,
running, and bringing in revenue even though construction was forced to cease
back in November. The company had to put the breaks on their casino project in
China as well. The construction project in China is much more expensive with a
price tag in the billions.
In the meantime the company is relying on
revenue from Bethlehem until they can open the doors of their $5.4 billion
Singapore casino in December of this year.
In the meantime, Sands President, Robert
DeSalvio, is concerned with the small things at the Bethlehem grand opening.
The casino operators were more than prepared after a series of troubleshooting
test days.
“I wasn't sure about this concept of test days,”
said DeSalvio.
“But it turns out it was one of the best things
we did. Our staff was ready. We're thrilled to be open. It's been a long time
coming.”