Sands Corp. Issues Warning to Investors
Thursday, November 6th, 2008
Owner of The Palazzo -- Las Vegas Sands Corp. -- sees troubled times ahead.
Las Vegas Sands Corp. — owner of The Venetian and The Palazzo casino resorts on the Strip in Las Vegas, plus the Macau Venetian, Sands and Four Seasons — said in a regulatory filing today that it probably won’t meet the requirements of loans arranged by Citigroup Inc., Goldman Sachs Group Inc. and Lehman Brothers Holdings Inc. unless it cuts spending on developments, boosts earnings at its Las Vegas Strip casinos and raises more capital. (more…)
