The expansion of Las Vegas Sands
This expansion is part of the latest growth plan for Las Vegas Sands in Macau and will be the last resort to open there until at least 2015, when Wynn Resorts
But the company has even bigger plans half a world away. It's currently moving forward with its plans for a huge development in Spain, and Spanish officials don't seem to be concerned about the company's latest legal troubles, which could have delayed the development. Nevada officials are looking into potential bribery in China, and the U.S. Department of Justice and SEC both have probes open regarding the company. But high-level officials in Spain are brushing off the investigations and seem more interested in charming Las Vegas Sands than digging into its past.
The logic for Spain isn't hard to see. The country's banks were recently bailed out and unemployment is around 25%. Needless to say, I don't think bribery will be an issue for Spain.
Foolish bottom line
Las Vegas Sands has one more project planned on the Cotai Strip, one that will likely be completed around the time Wynn completes its resort and before MGM and Melco Crown
These expansions will be key to the company's continued growth, especially considering the expansion of gaming in Asia. These are just a few of the topics covered in our new analyst report on Las Vegas Sands. The report comes with a year of updates and will keep you on top of all of the latest information about the stock. For more information, click here.
Fool contributor Travis Hoium manages an account that owns shares of Wynn Resorts and Melco Crown. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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