Adelson shifts bet to Europe, Asia as Macau loses economic luster

As if learning from his experience in Macau, casino magnate Sheldon Adelson is no longer putting all his eggs in a single basket.

Bloomberg reported that Adelson is now seeking investment opportunities outside Macau as he no longer finds the former Portuguese enclave economically attractive. While he has some ideas for additional growth in China’s premier gaming hub, Adelson said it will not be as grand as the Parisian Macau.

Instead, Adelson is now setting his sights on Macau’s neighboring countries, particularly Japan and South Korea. Adelson was reportedly helping pro-casino groups in Japan to lobby for the legalization of the industry in the island nation.

“We’re aggressively and continually lobbying for other locations throughout the Asia Pacific countries — we’ve been looking at Japan, Korea, Vietnam, Thailand,” Adelson said. “There doesn’t seem to be too much more growth here.”