Las Vegas Sands Chairman and CEO Robert Goldstein has promised to expand the company’s investment in China.
He was speaking at a high-profile meeting held at the Ministry of Commerce in China, where Goldstein met with Deputy Secretary of the CPC Leadership Group, Wang Shouwen on Thursday. According to information from the Ministry, they exchanged views on China-US economic and trade relations as well as Sands’ ongoing development in China.
Goldstein’s commitment to expanding the company’s presence in China marks a significant move for Las Vegas Sands, a company known for its vast investments in hospitality, entertainment, and gaming industries worldwide.
According to Xinhua, Wang highlighted during the meeting the potential for collaboration with the United States as the incoming Trump administration prepares to take office on January 20th.
China’s high-quality development economy
Wang said China’s economy has entered a stage of high-quality development. Adding that China is also focusing on sustainable growth through green and low-carbon initiatives, which aligns with global trends toward environmental responsibility.
This shift offers both challenges and opportunities for foreign businesses operating in China, as they must adapt to new environmental standards and innovation-driven growth.
He further reaffirmed the government’s commitment to enhancing the institutional framework for foreign investment.
“China’s economy has demonstrated strong resilience and endogenous momentum, which is of great significance in boosting global confidence in development,” he said. Adding that China welcomes investment from foreign companies, “We encourage foreign businesses, including Las Vegas Sands Corp, to seize the opportunities present in our market,” he stated.
Goldstein noted that co-operation between China and the US is mutually beneficial. By expanding its investments in China, Sands hopes to capitalise on rising demand from the growing middle class and the increasing popularity of integrated leisure and entertainment experiences.
“China and the US are the two most important economies in the world. Co-operation between China and the US is good for each other and good for the world,” he said.
The gaming group previously navigated tense geopolitical tensions between the Chinese government and the first Trump administration.
A recent report by Deutsche Bank argued that geopolitical concerns, including US-China relations in the recently elected Trump administration, would have little impact on the Macau gaming sector.
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