Sheldon Adelson, CEO of Sands Group, visited Brazil this week for a series of
meetings with national authorities in which he made clear his interest in
investing in projects for big destinies such as Rio de Janeiro, Sao Paulo, and
in another city that he preferred not to mention.
Adelson met parliamentarians from the Gaming Committee, the President of the
Chamber of Deputies, Deputy Rodrigo Maia; the Minister of Tourism, Marx Beltrão
and most importantly, Michel Temer, the President of the Republic. He met Temer
at The Palácio do Planalto, the official workplace of the President of Brazil.
During the meetings, Adelson shown his interest on making billonaire investments
in Brazil with projects in cities of great tourist appeal like Rio and Sao
Paulo. He revealed that he has a major project for the Sao Paulo capital with
the construction of a large entertainment center with a 2500-capacity arena,
shopping mall, convention center, casino and other attractions that are part of
Sands centers in other parts of the world. For Rio de Janiero, he plans an integrated
resort.
"We rely on a very clear legislation and, of course, seriousness to invest
in Brazil. We do not compromise with bribes or other actions that could
compromise our ethical stance," said Adelson.
Although he did not give more details of a third investment, he made clear to
his interlocutors that "another project, still at an embryonic
stage," can come off the paper to the table. It will depend on clear
legislation, a more in-depth market analysis and "an analysis of the
possibilities that arise." During some of the meetings, he was accompanied
by Fabrício Oliveira, the mayor of Balneário Camboriú (Santa Catarina), one of
the most renowned tourist destinations in Brazil, which aroused the curiosity
of those present.
In almost every meeting Adelson was accompanied by Deputy Herculano Passos, who
spoke of the importance of the visit: "Sands invested US$ 6 billion in
Singapore and US$ 14 billion in Macao. It is a very strong group that has an
interest in investing in Brazil, but can not do so without an established
regulatory framework. Our purpose in promoting these meetings with the
presidents was to try to sensitize them that Brazil can receive big
investments, which will bring many jobs and income to the country. But for
this, the project of legalizing gaming, which is in the House or the Senate,
must be approved," he stressed.
LVS’ CEO was accompanied by Fábio Lowenthall, from the law firm Lowenthal
Advogados, which demonstrates Adelson’s vocation to follow the legal and
ethical standards where he operates with his companies.
Las Vegas Sands is an operator of integrated resorts that
encompass luxury hotels, casinos, shopping malls, restaurants, first-class
entertainment venues, convention and exhibition facilities and various leisure
businesses. The group owns the largest casino resort in the world, the
Venetian, in Macau.
Source: Exclusive GMB
