Gaming News

Stock market rattles Las Vegas Sands

SINGAPORE -- As reported by Channel Asia: "Questions have been raised about the health of United States gaming company Las Vegas Sands, which is building Marina Bay Sands resort here.

"The company's share price has plunged from a 52-week high of US$144.15 to Tuesday's price of US$12.43 on concerns about a slowdown at its US operations, profitability of its Macau casinos and high gearing.

"...In the worst-case scenario, if the US company goes bankrupt, Marina Bay Sands is unlikely to escape unscathed, said market observers..."

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