any<\/em>\u00a0economic sense in North Korea,\u201d JP Morgan analyst DS Kim (no relation) said recently.<\/p>\nLVS is known for its sprawling high-end destination resorts situated in tourist hotspots or cities with large populations. North Korea\u2019s large border with China would appeal to Adelson, who was quick to see the boundless potential of Macau. But a country that detains visitors for crimes such as stealing a propaganda poster and leaving a bible in a nightclub is unlikely to attract the kind of numbers to make his eyes light up.<\/p>\n
Adelson was clearly extemporizing during this the relevant part of his speech and it looks like a moment of flippancy has been seized at face value and amplified. It seems more plausible that the LVS chairman and CEO was lamenting that North Korea\u2019s geographical position makes it a prime spot for an integrated resort, but that the geopolitical landscape makes it impossible.<\/p>\n","protected":false},"excerpt":{"rendered":"
A speech by Sheldon Adelson in Israel last month has led certain elements of the press to speculate on whether he has decided on North Korea as the destination of a future luxury integrated resort. Speaking last month in Jerusalem at a fundraising event for Birthright — an organization that sponsors free trips to Israel […]<\/p>\n","protected":false},"author":36,"featured_media":82994,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18,61],"tags":[],"acf":[],"yoast_head":"\n
Does Sheldon Adelson Want to Build a Casino in North Korea?<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n