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Las Vegas Sands seeks to raise billions

4 July 2008

HONG KONG -- As reported by Dow Jones: "Las Vegas Sands Corp. (LVS), the hotel and gaming company run by casino mogul Sheldon Adelson, is seeking to raise US$7 billion in loans for its Macau project, people familiar with the situation said. The fund-raising for the Venetian Resort & Casino in Macau comes at a time when investors are seeking high-risk premiums and banks are wary of making major loans.

"'The money will go toward expanding and refinancing some loans for the Venetian (Resort & Casino) in Macau,' said one person. 'Banks interested in financing have been invited to tour the Venetian property later next week for a soft sell.'

"Coordinators for the Las Vegas Sands loans are Citigroup Inc. (C), Lehman Brothers Holdings Inc. (LEH) and Goldman Sachs Group Inc. (GS), they said..."

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