Sheldon Adelson on His Investment Principles - I'm not after small money
Was reading an interview given by the gambling empire billionaire Sheldon Adelson in which he was asked whether he would like to invest in the Indian hospitality industry, as gambling is not legal in India. His answer was a blunt no. He is simply not interesting in running businesses like hospitality that have much lower margins than biz like the gambling business.
To quote him, "...For me, any business decision means that I need to have a decent profit margin. Hospitality sector, in itself, is not inviting enough. I deal in big money. Hospitality may help you break even at best, but it’s largely a loss-making business. Without gambling, setting up any resort doesn't make sense...I deal in big money. I am not looking for a few dollars here and a few dollars there."
Interesting...
Read the full interview from here @ The Times of India
