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Las Vegas Sands May Sell Shares

7 April 2006

SINGAPORE – As reported by Reuters: "Las Vegas Sands Corp., the world's biggest casino firm by market value, may raise as much as $1.44 billion in a share sale or up to $3.24 billion in debt if it wins the rights for Singapore's first casino.

"'We want to have the right combination of debt and equity to be able to get the most efficient financing,' William Weidner, president and chief operating officer of Sands, said on Friday at a news briefing.

"…Sands could fund between 10 percent and 40 percent of the investment with equity, Weidner said.

"If the company were to structure the deal in that way, it could raise between $360 million and $1.44 billion from a share sale to fund the casino development. Based on this, Sands could raise as much as 90 percent of the cost, or $3.24 billion, through bank borrowings.

"Sands currently has about $1 billion of debt, and would be comfortable with its debt gearing even it raised financing for Singapore, Weidner added…"

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