Sheldon Adelson said to be considering North Korea casino
Despite previous industry comments to the contrary, it looks like Sheldon Adelson, the multi-billionaire chairman of Las Vegas Sands, could be contemplating a move into North Korea. During a recent speech at an event for the non-profit organization Taglit-Birthright Israel in Jerusalem, Adelson made a comment that has put the casino rumor mills firing on all cylinders.
In his speech, Adelson said that he hopes President Trump could find a resolution to the conflict between North and South Korea. He then went on to say that he would like to make a return to North Korea to "open up business." While the comment didn't specifically mention casino operations, given his background, it's a safe bet.
There has been talk previously of North Korea dictator Kim Jong-un's desire to open the gambling market in his country, and has even asked for help from President Trump. Kim anticipates that the move could bring in as much as $50 million annually and he is said to be looking to the US to invest in a new casino in the country's Wonsan Special Tourist Zone.
Adelson, who is a known supporter of President Trump and the Republican Party, would be a potential candidate for any casino project due to his affiliations. He has continued to explore more overseas options, including scouting sites in Brazil and the Philippines for a new casino.