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Las Vegas Sands CEO Sheldon Adelson raised $2.1 billion last week through a finance package that included a common stock offering and pledged another $525 million of his own to keep his company out of trouble with lenders.
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The company is stopping construction on its $600-million condominium tower on the Strip and shelving development plans in China to save capital.
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Asia's gambling Mecca has seen revenues drop and projects suspended as the financial crisis begins to take its toll.
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Terry Lanni’s decision to retire as chief executive of MGM Mirage will be viewed with concern, if only because he is one of the industry’s most respected leaders.
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Taiwan's parliament is ready to legalize gambling on a group of offshore islands by the end of the year, according to Reuters report Monday.
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A missed call at the end of the NFL game between the Steelers and Chargers Sunday cost a large majority of gamblers big money.
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The month-long smoking ban was lifted by the City Council to try to increase revenue as casinos try to find their footing in the struggling economy.
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