Las Vegas Sands to resume construction in Macau - Elizabeth Harrow

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Las Vegas Sands to resume construction in Macau
Nov 11, 2009 05:30 PM UTC

Elizabeth Harrow

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Filed under: International markets, Options, Technical Analysis, Las Vegas Sands (LVS), Initial public offerings

Late Tuesday, The Wall Street Journal reported that Las Vegas Sands (LVS) is preparing to relaunch its stalled construction projects in Macau, China's hot gambling region. Financial woes forced Las Vegas Sands to walk away from the two construction sites a year ago, but newly secured funding means that the casino company can resume work on the projects as soon as January.

Las Vegas Sands disclosed in a regulatory filing on Monday that it secured $1.45 billion in financing from banks, and the firm is looking to lock down an additional $300 million. The gaming issue is also attempting to raise as much as $3.83 billion by launching an initial public offering (IPO) in Hong Kong of its Macau assets, about $500 million of which will be used to fund construction on the stalled sites.

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Las Vegas Sands to resume construction in Macau originally appeared on BloggingStocks on Wed, 11 Nov 2009 12:30:00 EST. Please see our terms for use of feeds.

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