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Casino majors eye Brazil

Published 05/17/2017, 08:03 AM
© Reuters.  Casino majors eye Brazil
MGM
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  • Las Vegas Sands (NYSE:LVS) CEO Sheldon Adelson was in Brazil this week to meet with top government officials about opportunities in the region.
  • Exploring the potential of bringing casinos to Brazil is nothing new in the industry, with execs from MGM Resorts (NYSE:MGM), Caesars Entertainment (NASDAQ:CZR) and Red Rock Resorts (NYSE:RRR) having also made the trip.
  • Legalization of gambling is being considered by many politicians in Brazil as a way to jumpstart the economy through tourism.
  • Now read: Morgan Stanley (NYSE:MS) sees value in TJX Companies (NYSE:TJX)


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