Las Vegas Sands Corp. Must Raise More Cash to Keep Doing Business; CEO Adelson Has Already Lost Billions
The latest sign that Las Vegas bets are buckling under the tough economy? One of the strip's marquee casino operators is on the ropes.
Las Vegas Sands Corp., the owner of the Venetian Hotel and Casino, has warned in a filing with the Securities and Exchange Commission that if it can't raise the money it needs to meet certain debt agreements, it could "raise a substantial doubt about our ability to continue as a going concern" -- or, in other words, to keep doing business.
A Sands spokesman... Full Story
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