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Stock market rattles Las Vegas Sands23 October 2008SINGAPORE -- 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..." |