In Rio plans to build a casino for USD 8 billion

In the very near future, gambling can be legalized in Brazil, and large operators such as Las Vegas Sands have already paid attention to the potential market. Mayor of Rio de Janeiro Marcelo Crivella and casino magnate Sheldon Adelson held a meeting in which they discussed the interest of Las Vegas Sands in the construction of an integrated resort worth USD 8 billion.

Rio is among the five most visited places in the country, and its tourist value will bring significant revenue for the gambling industry. It is expected that the upcoming legislation will allow, after its approval, to turn Brazil into one of the largest and most profitable markets in the world.

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