Las Vegas Sands Said to Have Met Singapore, Banks on Financing
By Beth Jinks and Kelvin Wong
Nov. 7 (Bloomberg) -- Sheldon Adelson, the billionaire who controls Las Vegas Sands Corp., ... Las Vegas Sands seeks funding to stave off defaulting on loans while facing ``substantial doubt'' about its ability to survive, it said yesterday. Casino revenue in Macau, where the company earns about two-thirds of its sales, fell in the second and third quarters for the first time in at least three years.
Las Vegas Sands plummeted 33 percent to $7.85 yesterday in New York trading after saying it might default on loans arranged by Citigroup Inc., Goldman Sachs Group Inc. and Lehman Brothers Holdings Inc.
Friday, November 07, 2008
COULDN'T HAPPEN TO A NICER GUY
Wingnut money bags Sheldon Adelson's company is in deep trouble and with a little luck, it won't survive.
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