• Most Popular
  • Most Shared

INTERVIEW-Las Vegas Sands hopes to raise $3-$4 bln-chairman

Wed Jul 8, 2009 1:33am EDT

SINGAPORE, July 8 (Reuters) - Las Vegas Sands, the world's largest casino firm by market capitalisation, said on Wednesday it hopes to raise $3-$4 billion through various fund raising options, which includes the IPO of its Macau assets in Hong Kong.

Chairman Sheldon Adelson told Reuters in an interview the planned sale of the company's Macau retail operations had been put on hold due to uncertain market conditions.

"We are looking at a Hong Kong Stock Exchange listing among 5 or 6 options." Adelson said when asked about plans to float the firm's Macau projects.

The company is also considering raising funds via private equity and getting financing through the construction companies, he said.

(Reporting by Kevin Lim and Lincoln Feast; Editing by Anshuman Daga)

((kevin.lim@thomsonreuters.com; +65 6403 5663; Reuters Messaging: kevin.lim.reuters.com@reuters.net))

((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) Keywords: SANDS SINGAPORE/

(C) Reuters 2009. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nSGC001200



More from Reuters

Photo

GM to wind down Saab, talks with Spyker fail

DETROIT (Reuters) - General Motors Co will wind down operations at Saab, its money-losing Swedish unit, after a last-ditch attempt to sell it to small Dutch luxury carmaker Spyker Cars failed, the automaker said on Friday.

A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

Two men shake hands in a file photo.    REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article