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Casino Beacon > Online Casinos > New Casino Bonuses > Bonus Archive 24 July 2008 Las Vegas Sands Will No Longer Pursue Gaming In Kansas With its current pipeline of developments already in place, Las Vegas Sands has announced that the company will no longer pursue a gaming license in the state of Kansas. "As we pursue our development plans and evaluate potential opportunities around the globe, we constantly review those plans to determine which ones are the most beneficial for the company, its shareholders, and our employees, as well as the communities in which we intend to operate," said William Weidner, president of Las Vegas Sands Corp. "Our proposed development plans for Kansas included significant investment in a world-class integrated resort facility. It now appears that proposed statutory changes in Missouri will allow gaming operators there to significantly increase the amounts being wagered at their competing facilities. This change, together with the increased borrowing costs in today's financial marketplace, significantly decreases the expected returns from our proposed development in Kansas and limits our ability to generate appropriate risk-adjusted returns on the proposed investment vis-a-vis our expected returns on our other global investment opportunities." |
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