U.S. billionaire Sheldon Adelson, the future of Asia's gaming boom looks rosy. After building some of the world's most profitable casinos in Macau and Singapore, Adelson, like MGM Resorts and Pinnacle Entertainment, is keen to diversify, eyeing markets such as Taiwan, the Philippines and Vietnam.
The stakes are high and so are the risks.
It was only less than three years ago that Adelson's now $28 billion gaming empire was ravaged to the brink of bankruptcy. The 2008 financial crisis sent shares in Las Vegas Sands (NYSE: LVS ), parent of Macau unit Sands China (HKSE: 1928.HK ), plummeting.
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