Las Vegas Sands (LVS)

Re: Las Vegas Sands

Postby caseyc » Fri Oct 31, 2008 10:18 am

grandrake wrote:Besides casinos, what else don't you touch? I personally abide by the same rule, avoiding: tobacco, porn, casino, and defence weaponry companies (especially landmines).


I haven't thought too deeply about a exclusion list, but i made the decision on casino sometime back when Genting IPO'ed. As a shareholder, I like to think of myself as being part of a business that makes positive contribution to the world. Supporting vices (well, some argue that this is "entertainment") isn't quite the best way to earn an income, no matter how lucrative.
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Re: Las Vegas Sands

Postby iam802 » Fri Oct 31, 2008 10:20 am

short it when it goes down.

then you can 'claim' that you have help bring it down as well.
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Re: Las Vegas Sands

Postby Poles » Sat Nov 01, 2008 12:10 am

now i know i am not alone & stoopid.....though i have 2 lots from ipo....i also hope that these 2 IRs will fail.
i used to work in geylang 10yrs ago, today it is a total diff place.....might well change its name to hooker st.
i dread to see the same happen to marina bay & sentosa. i think it is very naive to for the government to think that they can control vices.....
by some of their campaign......even after so many years of littering campaign....there are still tons of litter bugs....
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Re: Las Vegas Sands

Postby kennynah » Sat Nov 01, 2008 12:18 am

welcome poland to Huatopedia, where everyday is a Huat Huat day !!!!!

to rename geylang to hooker street, may actually make it lose its appeal... this is like...seeing women in their bikinis can sometimes be more pleasurable than seeing them fully naked.... so, although we know the even lorongs are really whoring streets....we dont need to spell it out so clearly...

by the way, those street walkers are illegal workers.... only a few houses with fish tanks are licensed operators..

what to do....our foreign talent policy is kicking in really well.... :roll:

actually, in reality..one doesnt even need to visit geylang, in fact, i was told..many singaporean men have shifted their "affection" towards the entire joo chiat stretch....if u prefer vietnamese Pho (noodles).... also, there are many many countless student pass PRC girls, strutting their services in KTVs all over singapore....these people have at least 1 year visa, some up to 3 years.... our ICA sure knows how to keep our street clear of rapists.... why rape when the sentence is so severe and sex is so widely available and to some affordable....
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Re: Las Vegas Sands

Postby millionairemind » Sat Nov 01, 2008 10:14 pm

Singapore government working with casino developers to avoid delays
AFP - Friday, October 31

SINGAPORE (AFP) - - The Singapore Tourism Board (STB) said it was working with the developers of two casino resorts to resolve any potential delays and facilitate their completion.

In a statement issued to AFP late Thursday, the tourism agency said it was "aware that the current uncertain economic climate may give rise to concerns on the opening" of the casinos and was monitoring the situation.


The statement followed a report in The Straits Times newspaper on Thursday that Marina Bay Sands, which is being built by Las Vegas Sands, may not open fully at the end of next year as scheduled.

The report also said that Resorts World at Sentosa, the second casino resort which is being built by Malaysia's Genting International, was in talks with the government to defer the opening of some facilities.

Marina Bay Sands and Resorts World at Sentosa both said their projects were on track to open as scheduled.

"STB has been informed by Marina Bay Sands and Resorts World that they expect the respective IRs (integrated resorts) to open in 2009 and 2010 respectively," the tourism board said.

"Together with key agencies, we are working closely and are in regular dialogue with both companies to resolve any potential delays that may arise, and to facilitate the completion of the projects."

Singapore is betting on the casino complexes, which will also include hotels, convention centres, family attractions, restaurants and shops, to boost the modern city-state's attractiveness to foreign tourists.
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Re: Las Vegas Sands

Postby Poles » Sun Nov 02, 2008 12:17 am

kennynah wrote:welcome poland to Huatopedia, where everyday is a Huat Huat day !!!!!

to rename geylang to hooker street, may actually make it lose its appeal... this is like...seeing women in their bikinis can sometimes be more pleasurable than seeing them fully naked.... so, although we know the even lorongs are really whoring streets....we dont need to spell it out so clearly...

by the way, those street walkers are illegal workers.... only a few houses with fish tanks are licensed operators..

what to do....our foreign talent policy is kicking in really well.... :roll:

actually, in reality..one doesnt even need to visit geylang, in fact, i was told..many singaporean men have shifted their "affection" towards the entire joo chiat stretch....if u prefer vietnamese Pho (noodles).... also, there are many many countless student pass PRC girls, strutting their services in KTVs all over singapore....these people have at least 1 year visa, some up to 3 years.... our ICA sure knows how to keep our street clear of rapists.... why rape when the sentence is so severe and sex is so widely available and to some affordable....


>20yrs ago I was from one of the school along tanjong katong road. Those days, we can only beoy bar girls coming to work in the late afternoon in those la sap bar.......I guess present day school boys are more lucky with the Vietnam mei mei.....
but it is really bad for the community. .....i just hope change is a constant.
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Re: Las Vegas Sands

Postby kennynah » Sun Nov 02, 2008 12:19 am

mg 8-)
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Re: Las Vegas Sands

Postby LenaHuat » Thu Nov 06, 2008 5:35 pm

OCBC's Connor sounded optimistic abt Marina Bay Sands.
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Re: Las Vegas Sands

Postby mocca_com » Thu Nov 06, 2008 11:34 pm

Las Vegas Sands Plunges on Concerns Over Loan Default (Update1)

By Michael Nol

Nov. 6 (Bloomberg) -- Las Vegas Sands Corp. plunged in New York trading after saying it may be in default of some loans if it can't raise capital, threatening its ability to keep operating ``as a going concern.''

Las Vegas Sands dropped $2.51, or 22 percent, to $9.15 at 9:44 a.m. before the start of New York Stock Exchange composite trading.

The casino company said in a regulatory filing today that it doesn't expect to meet a maximum leverage ratio covenant in the fourth quarter. That would trigger defaults that might force the company to suspend development projects and ``raise a substantial doubt about the company's ability to continue as a going concern.''

The filing sparked new concerns that casino cash flow is dwindling just as Las Vegas Sands undertakes its biggest expansion. The owner of the Venetian and Palazzo casino resorts on the Las Vegas Strip, where gambling revenue has fallen for eight straight months, is building almost $17 billion worth of resorts in Singapore, China's Macau and Bethlehem, Pennsylvania.

Billionaire Chief Executive Officer Sheldon Adelson, who owns more than 64 percent of Las Vegas Sands, invested an additional $475 million in the company in September and hired an investment bank to raise more capital with his help.

Las Vegas Strip casino gambling revenue slid 6.7 percent this year through August, on track for its biggest annual decline on record.
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Re: Las Vegas Sands

Postby iam802 » Fri Nov 07, 2008 12:18 am

Bad day for them. Price drop 30% on this news.

------------------------

UPDATE 2-Las Vegas Sands shares fall on doubts about future

http://www.reuters.com/article/marketsN ... 7620081106

NEW YORK, Nov 6 (Reuters) - Shares of Las Vegas Sands Corp (LVS.N: Quote, Profile, Research, Stock Buzz) fell 29 percent on Thursday after the casino operator's auditor said in a regulatory filing there are doubts about the company's ability to continue as a going concern.

Based on current estimates, Las Vegas Sands expects it will not be in compliance with its maximum leverage ratio covenant for the quarter ending Dec. 31, 2008 and at subsequent quarters, accounting firm PricewaterhouseCoopers LLP said in the filing.

The auditor said non-compliance would result in defaults which raises substantial doubt about the company's ability to continue as a going concern.

The company said in a filing it is working with a financial adviser on a capital-raising program but that no assurances can be given that the program will be successful.

Sagging U.S. consumer confidence and spending power has hurt business in Las Vegas, where Sands operates the Palazzo and Venetian resorts as well as the Sands Expo and Convention Center.

Sands said last month that Sheldon Adelson, its chief executive and principal stockholder, and his family intend to participate in the capital raising.

Las Vegas Sands said Adelson and his family recently completed an investment in the company of $475 million in convertible senior notes.

Shares of Las Vegas Sands, which have fallen from over $122 last December, fell $3.39 to to $8.27 on Thursday morning. (Reporting by Mark McSherry, editing by Dave Zimmerman)
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