Las Vegas Sands (LVS)

Re: Las Vegas Sands LVS

Postby qxing78 » Fri Nov 14, 2008 10:35 pm

Just came back from Macau, I must say, Sands casino and The Venetian are the most impressive among all casinos there.
No wonder, they are the first to get the license there.
I think they really know how to bring in the crowds.
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Re: Las Vegas Sands

Postby Poles » Fri Nov 14, 2008 10:53 pm

kennynah wrote:
LenaHuat wrote:GIC will not but Temasek will. It's in Temasek's charter to invest in Singapore's strategic assets isn't it! GIC manages our foreign reserves.


actually...i am not sure about this fact.....so shameful isnt it...for a singaporean to not even know where our money is ???


our money....ha...that's very subjective
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Re: Las Vegas Sands (LVS)

Postby iam802 » Tue Nov 18, 2008 3:32 pm

I give credit to this Sheldon guy...being able to raise funds in this difficult time.

The mgnt is smart. Get auditors in to do audit and provide independent assessment. All these help to calm their shareholders.

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


Las Vegas Sands says it's ready for future

http://www.ktnv.com/Global/story.asp?S=9367178

Associated Press - November 17, 2008 8:25 PM ET

LAS VEGAS (AP) - Worries about whether Las Vegas Sands Corp. would fold have been eased with the raising of $2.1 billion in new capital, but the casino company's president says that it should have raised the money sooner.

William Wiedner, the company's president and chief operating officer, told a forum for investors today that Sands did what it had to do to put itself in a position to survive.

In a filing with the Securities and Exchange Commission today, the company said its independent accountants, PricewaterhouseCoopers LLP, improved their view of Sands based on Sands' sale of common stock and preferred stock with warrants.

The company has been struggling with its balance sheet since at least September, when CEO and founder Sheldon Adelson and his wife, Miriam Adelson, invested $475 million in the company to keep it in compliance with debt obligations.

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Re: Las Vegas Sands (LVS)

Postby mocca_com » Wed Mar 11, 2009 8:59 am

Moody's cuts ratings of Las Vegas Sands, MGM Mirage

By Wallace Witkowski
Last update: 6:19 p.m. EDT March 10, 2009Comments: 6
SAN FRANCSICO (MarketWatch) -- Moody's Investors Service cuts its ratings of Las Vegas Sands Corp. (LVS:LVS
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MGM, , ) as gaming revenues in Las Vegas continue to deteriorate. Moody's lowered its probability of default and corporate family ratings of Las Vegas Sands to B3 from B2. Also, the agency cut MGM Mirage's probability of default rating to Caa2 from Caa1 and its corporate family rating to Caa1 from B3. The outlook for both companies is negative.


http://www.marketwatch.com/news/story/m ... t=morenews
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Re: Las Vegas Sands (LVS)

Postby iam802 » Wed Apr 01, 2009 11:29 pm

Las Vegas Sands (NYSE:LVS) shares will be in the spotlight after the company's chairman and chief executive Sheldon G. Adelson filed a Form 4, buying 7.839 million shares of the company's float, worth approximately $23.15 million. Shares of the company are up 9.6% to $3.30 in pre-market trading today.

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Re: Las Vegas Sands (LVS)

Postby millionairemind » Wed May 27, 2009 7:30 pm

This should make shortists to run for cover.

Las Vegas Sands boss raises hopes for Macau restart
(05-27 11:39)
Las Vegas Sands chief Sheldon Adelson has said he may have arranged financing necessary to restart stalled construction projects in Macau and the United States by the end of this year.

The company, facing a credit crunch and a stock price in freefall, halted the building of two resorts in Macau in November as well as a condominium project in Las Vegas and parts of a site in Bethlehem, Pennsylvania.

The Macau stoppage resulted in the loss of around 11,000 construction jobs.

Adelson said he is now confident that all of the Sands' stalled projects can resume.

''I just came back from Macau and we have five or six different options that we can pursue, each one of which would solve our liquidity problems,'' Adelson said.

''The best of the options out there would provide us with sufficient liquidity that we will restart all of our projects by the end of the year.

''We will finish Bethlehem, we will finish Lots five and six [in Macau], and I don't know if I want to finish the condos in Vegas yet just because of the market.''

Las Vegas Sands has charted an ambitious US$12 billion (HK$93.6 billion) building plan on the Cotai Strip that is slated to include 11 resorts with a collective 20,000 hotel rooms.

The Venetian Macao and Four Seasons Macau are open; Lots 5 and 6, which include Shangri-La and Sheraton-branded hotels, are under construction.

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Re: Las Vegas Sands (LVS)

Postby kennynah » Wed May 27, 2009 9:52 pm

We will finish Bethlehem, we will finish Lots five and six [in Macau]


huh??? they named a casino as above??? obviously duno the meaning of hell...
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Re: Las Vegas Sands (LVS)

Postby millionairemind » Thu Feb 25, 2010 4:06 pm

Feb 25, 2010
LV Sands bets on S'pore


NEW YORK - LAS Vegas Sands Corp, which will open its US$5.5 billion (S$7.7 billion) Singapore casino resort in late April, plans to renegotiate its US$5 billion US debt by the end of this year, the company's chief operating officer said on Wednesday.

'We want to go to our US lender group and perhaps pay down a little debt ... by the time this year ends, assuming Singapore successfully opens, I think that will happen,' Michael Leven said at the Reuters Travel and Leisure Summit in New York.

He said the company's 130 US lenders will likely seek a paydown of US$1 billion or so as well as a higher interest rate and fees.

The company carries about US$11 billion in total debt - US$5 billion by the US group, around US$3.6 billion in Singapore and US$2.7 billion or so in Macau, he said.

'In the US, our debt covenants require us to hold in the bank US$3 billion in cash,' Mr Leven said. 'We have over US $5 billion now.' The COO said the only risk to Sands' plan is if Singapore doesn't do well. 'We have to do US$400 million in EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortisation) to clear covenants. If we don't do that, we've made a bad investment in Singapore,' he said.

The company is looking for clues to the Singapore market from Genting Singapore, which opened the country's first casino resort on Feb 14, the start of the Chinese New Year. 'We are not disappointed in what we're seeing in Genting, but it's too early to assess,' said Mr Leven. -- REUTERS
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Re: Las Vegas Sands (LVS)

Postby kennynah » Thu Feb 25, 2010 5:48 pm

'We want to go to our US lender group and perhaps pay down a little debt ... by the time this year ends, assuming Singapore successfully opens, I think that will happen,' Michael Leven said at the Reuters Travel and Leisure Summit in New York.


think what will happen?

a) casino will open by 2010?
b) pay down a little debt?

hahaha...
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Re: Las Vegas Sands (LVS)

Postby millionairemind » Wed Jun 23, 2010 2:57 pm

Jun 23, 2010
MBS to draw 150k daily
SINGAPORE - LAS Vegas Sands , the world's most valuable casino firm, expects between 125,000 to 150,000 daily visitors to its new casino complex in Singapore, CEO Sheldon Adelson said on Wednesday.

Other company officials said the casino itself had received 500,000 visitors this month, after a soft opening on April 27.

Mr Adelson was speaking at a news conference ahead of the formal opening of Singapore's Marina Bay Sands, which has been built at a cost of US$5.5 billion, (S$7.6 million) making it the world's second most expensive gambling complex after MGM Mirage's CityCenter in Las Vegas.

In a separate interview with Bloomberg Television, Adelson said he also expects 90 per cent of its revenue to come from Asia by 2020, as its Singapore resort ramps up and more of China's gamblers visit Macau.

'I don't think there was a recession in this part of the world, and therefore that didn't affect gaming very much,' he said. 'We hope that 90 per cent of our income comes from Asia' within 10 years.'

Asia accounted for about 73 per cent of the company's revenue at the end of last year. The casino operator is investing US$5.5 billion in the Marina Bay Sands complex, a bet that economic growth in China and the region will boost demand for shopping, entertainment, gambling and tourism.

Singapore has said the resort will help it lure 17 million visitors and triple annual tourism revenue to S$30 billion by 2015.

Marina Bay Sand's second phase, including a sky park atop the three 55-floor hotel towers, a waterfront plaza and more restaurants, opens later on Wednesday. Some convention facilities, shops, theatres, rooms and restaurants opened in April.

The other casino, Genting Bhd's US$4.7 billion Resorts World Sentosa that includes a Universal Studios theme park, opened in February.
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