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Las Vegas Sand backs out of deal for a Japanese development

Las Vegas Sands has ended their pursuit of a Japanese development due to an inability to agree on the terms of a deal.

"My fondness for the Japanese culture and admiration for the country's strength as a tourism destination goes back more than 30 years… and I've always wanted our company to have a development opportunity there. And while my positive feelings for Japan are undiminished, and I believe the country would benefit from the business and leisure tourism generated by an Integrated Resort, the framework around the development of an IR has made our goals there unreachable.”
Sands Chairman and Chief Executive Officer Sheldon G. Adelson

Industry analysts believe that the cash freed up by an end to this transaction could act as a primer for future M&A activity.


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