Las Vegas Sands eyes 3 potential IR spots in Asia

Las Vegas Sands eyes 3 potential IR spots in Asia

SINGAPORE - For about seven days each month, Singapore-based George Tanasijevich gets on a plane in search of new business opportunities for his company.

The managing director of global development at Las Vegas Sands Corp (LVS) has three Asian countries on his radar at the moment - Japan, South Korea and Vietnam.

These markets have, he feels, the potential for a lucrative "MICE-driven integrated resort" in future.

"It needs to be in a major urban area, near a major international airport because of the volume of people that we bring in, and a whole list of other characteristics that would make it an attractive investment opportunity for us," says the American in an exclusive interview with BT.

MICE, which stands for meetings, incentives, conventions and exhibitions, is a major part of LVS's operations worldwide.

The S$8 billion Marina Bay Sands (MBS) integrated resort in Singapore, where Mr Tanasijevich is also its president and chief executive officer, is home to the country's largest exhibition and meeting venue.

"If we were to be able to build our network and footprint in Asia, it would have a positive impact on our Singapore operations," he says.

This would be especially so in the burgeoning global MICE industry, where there are many different large-scale events that rotate around different markets over a period of time, rather than always returning to the same city every year.

"The stronger and bigger your network is, the more relationships you can build and the more business you can keep within your company."

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