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Moody's Investors Service on Tuesday confirmed the ratings of Las Vegas Sands Corp. and assigned the casino operator a negative outlook.
U.S. casino operator Las Vegas Sands Corp. plans to resume work in January on its multibillion-dollar gambling resorts in Macau after suspending construction last year amid a massive funding crunch, the company said.
U.S. casino operator Las Vegas Sands Corp. aims to raise $2.5 billion through an initial public offering in Hong Kong this month to help repay massive debts and restart languishing casino projects in Macau, a document showed Monday.
Casino operator Las Vegas Sands Corp. on Thursday reported a larger third-quarter loss as gambling markets continued to struggle, taxes increased and the company pressed ahead on developing a resort in Singapore.
Las Vegas Sands Corp. is to report its third-quarter financial results after the market closes Thursday. Below is a summary of key developments and analyst opinion related to the period.
Las Vegas Sands Corp. said Wednesday that it plans to raise up to $600 million in proceeds from an exchangeable bonds sale, as the casino operator looks to boost its liquidity.
An analyst boosted Las Vegas Sands Corp.'s price target Friday after the casino operator reworked a credit agreement so that it could potentially sell a minority stake in its Macau operations to raise cash.
Casino operator Las Vegas Sands Corp. says it has reworked a credit agreement in a way that would let it sell a minority interest in its Macau operations to raise cash.
Casino operator Las Vegas Sands Corp. says it plans to pay a quarterly dividend of $2.50 for each share of its preferred stock.
The casino industry has seen revenue drop for more than a year at the same time it is coming off an extended building binge. The combination of those factors with the global credit crunch has put many in a financial bind.
Las Vegas Sands Corp. is reporting it lost $175.9 million in the second quarter, compared with a loss of $8.8 million a year earlier.
Las Vegas Sands Corp. is to report its second-quarter financial results after the market closes Thursday. Below is a summary of key developments and analyst opinion related to the period.
Cash strapped casino operator Las Vegas Sands Corp. is considering an initial public offering of its Macau assets and the sale of peripheral businesses to raise $3.5 billion to $4.0 billion, chairman Sheldon Adelson said Wednesday.
Casino operator Las Vegas Sands Corp. said Tuesday its first-quarter loss widened year-over-year as revenue stagnated and expenses rose, but the results were slightly better than Wall Street expected.
Casino operator Las Vegas Sands Corp. said Tuesday its first-quarter loss widened compared with a year earlier as its revenue stagnated and expenses rose, but the results were slightly better than Wall Street expected.
Billionaire Sheldon Adelson received $1.28 million in compensation as chief executive of Las Vegas Sands Corp. in 2008, 59 percent less than in 2007, as stock in the company where he is majority owner fell 94 percent, according to an Associated Press analysis of a company regulatory filing made Thursday.
Casino company Las Vegas Sands Corp. declined to comment Monday on a Hong Kong newspaper's report that Sands might sell the first foreign-owned casino in the Chinese island of Macau under a leaseback arrangement worth $1.3 billion.
Casino operator Las Vegas Sands Corp. said Tuesday it is talking with its banks about a credit amendment that would let it buy back up to $800 million in debt. But its chief executive said the company only wants to have the option, and doesn't intend to repurchase debt anytime soon.
Casino operator Las Vegas Sands Corp. told its president and chief operating officer last week that he was going to be replaced, only for William P. Weidner to resign from his posts four days later, a regulatory filing revealed on Tuesday.
Las Vegas Sands is denying a report from an Israeli newspaper that it will exchange stock to buy 35 acres on the Las Vegas Strip. The property is owned by developers planning to build a casino resort modeled after the Plaza Hotel in New York.
International casino owner Las Vegas Sands Corp. is cutting more than 200 workers from its Venetian and Palazzo casino-hotels on the Las Vegas Strip as part of an effort to save $100 million annually companywide.
Struggling casino operator Las Vegas Sands Corp. will lay off as many as 11,000 workers after a cash crunch forced the company to halt construction on multibillion dollar projects in the Chinese gambling city, a top executive said Thursday.
Billionaire Sheldon Adelson has doubled down on his half-billion dollar bet this fall on Las Vegas Sands Corp. in a plan intended to keep the casino company from defaulting on its debt and falling into bankruptcy.
Las Vegas Sands Corp., the international casino empire run by billionaire Sheldon Adelson, must raise new capital or slash development spending, or both, by next month to keep its lenders at bay, the company said Thursday. News that the company might break its loan agreements sent its shares plummeting 33 percent.
Las Vegas Sands Corp. plans to win back gamblers in Macau and is banking on strong growth from its new resort in Las Vegas after intense competition abroad and dwindling tourism at home led the casino giant to an $11.2 million loss in the first quarter.
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