International Business News - Vegas http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Casino operator Las Vegas Sands Corp. says one of its board members has resigned because of increased demands on his "personal business interests," prompting the company to replace him on its audit committee to satisfy requirements of the New York Stock Exchange. http://www.ibtimes.com/articles/20081125/director-heyer-resigns-from-las-vegas-sands-board.htm Tue, 25 Nov 2008 10:45:50 EST Shares of Las Vegas Sands Corp. sank to an all-time low Friday as an analyst slashed 2009 and 2010 adjusted earnings estimates following the casino operator's capital infusion, which led to an increased number of outstanding shares. http://www.ibtimes.com/articles/20081121/las-vegas-sands-plunges-as-analyst-cuts-estimates.htm Fri, 21 Nov 2008 19:25:45 EST Shares of Las Vegas Sands Corp. climbed Monday after the casino operator said doubts about its ability to continue as a going concern have been removed after the completion of an offering of common stock, preferred stock and warrants provided about $2.1 billion of additional capital. http://www.ibtimes.com/articles/20081117/las-vegas-sands-rises-on-completion-of-2-1b-offer.htm Mon, 17 Nov 2008 11:41:48 EST Worries about whether Las Vegas Sands Corp. would fold have been eased with the raising of $2.1 billion in new capital, but the casino company's president said Monday that it should have raised the money sooner. http://www.ibtimes.com/articles/20081117/las-vegas-sands-says-going-concern-doubts-removed.htm Mon, 17 Nov 2008 18:51:57 EST Las Vegas Sands Corp. said Friday it has completed its offering of common stock, preferred stock and warrants, providing roughly $2.1 billion of additional capital to the casino operator. http://www.ibtimes.com/articles/20081114/las-vegas-sands-completes-offerings-getting-2-1b.htm Fri, 14 Nov 2008 16:52:41 EST As many as 11,000 workers in Macau will lose their jobs after a cash crunch forced struggling casino operator Las Vegas Sands Corp. to halt construction on multibillion dollar projects in the Chinese gambling city, company officials said Thursday. http://www.ibtimes.com/data/articleimgs/174153-macau-gambling.jpg http://www.ibtimes.com/articles/20081113/sands-up-to-11-000-macau-workers-to-lose-jobs.htm http://www.ibtimes.com/articles/20081113/sands-up-to-11-000-macau-workers-to-lose-jobs.htm Thu, 13 Nov 2008 15:34:40 EST Moody's Investors Service cut credit ratings on casino operator Las Vegas Sands Corp. two notches further into junk territory Wednesday, citing its high debt load and negative trends in Las Vegas, while praising plans to raise capital and trim development spending. http://www.ibtimes.com/articles/20081112/moodys-cuts-las-vegas-sands-further-into-junk.htm Wed, 12 Nov 2008 13:53:00 EST Billionaire Sheldon Adelson has doubled down on his half-billion dollar bet this fall on Las Vegas Sands Corp. in a plan intended to keep the casino company from defaulting on its debt and falling into bankruptcy. http://www.ibtimes.com/articles/20081111/las-vegas-sands-prices-offering-sets-adelson-deal.htm Tue, 11 Nov 2008 20:56:39 EST Shares of casino operator Las Vegas Sands Corp. dropped sharply in premarket trading Tuesday after Macau's leader said the Chinese gambling enclave has no plans to help the casino operator with financing. http://www.ibtimes.com/articles/20081111/ahead-of-the-bell-las-vegas-sands-shares-drop.htm Tue, 11 Nov 2008 08:29:36 EST Struggling casino operator Las Vegas Sands Corp. said Monday it suspended several projects and has agreements to raise $2.14 billion in new capital, including new funding from its billionaire chief executive, Sheldon Adelson. http://www.ibtimes.com/articles/20081110/las-vegas-sands-to-raise-2-14-billion-in-capital.htm Mon, 10 Nov 2008 21:55:10 EST Las Vegas Sands Corp. is to report its third-quarter financial results after the market closes Monday. Below is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20081110/las-vegas-sands-to-post-3q-earnings-monday.htm Mon, 10 Nov 2008 13:11:54 EST Casino giant Las Vegas Sands Corp. will detail its plans to handle its debt crisis early next week, according to a person close to the company, a development that may ease bankruptcy worries and could include another capital infusion by billionaire founder Sheldon Adelson. http://www.ibtimes.com/articles/20081107/person-las-vegas-sands-to-detail-plans-next-week.htm Fri, 07 Nov 2008 19:40:04 EST Casino giant Las Vegas Sands Corp. says it will hire Kenneth Kay as its chief financial officer amid a debt crisis that threatens its survival. Kay, who has been senior executive vice president and chief financial officer at real estate firm CB Richard Ellis Group Inc. since 2002, will start Dec. 1. http://www.ibtimes.com/articles/20081107/las-vegas-sands-hires-new-chief-financial-officer.htm Fri, 07 Nov 2008 17:32:33 EST Las Vegas Sands Corp. said Friday that officials from the Singapore government and senior executives from the resort developer met to discuss the completion of the Marina Bay Sands resort in Singapore amid continued concern about tightness in the credit markets. http://www.ibtimes.com/articles/20081107/las-vegas-sands-affirms-development-in-singapore.htm Fri, 07 Nov 2008 07:20:42 EST Las Vegas Sands Corp., the international casino empire run by billionaire Sheldon Adelson, must raise new capital or slash development spending, or both, by next month to keep its lenders at bay, the company said Thursday. News that the company might break its loan agreements sent its shares plummeting 33 percent. http://www.ibtimes.com/articles/20081106/las-vegas-sands-may-miss-covenant-requirements.htm Thu, 06 Nov 2008 18:10:28 EST Shares of Las Vegas Sands Corp. surged Monday as an analyst kept the casino operator as one of his top picks, citing its appealing stock price. Lawrence Klatzkin of Jefferies & Co. said in a client note that the stock's recent sell-off gives an attractive entry for investors. The shares dropped as low as $4.32 late last month as investors worried that a recession was imminent and the company indicated that Chairman and Chief Executive Sheldon Adelson and his family planned to take part in a capital raising program with an unnamed investment banking company. http://www.ibtimes.com/articles/20081103/analyst-keeps-las-vegas-sands-as-a-top-stock-pick.htm Mon, 03 Nov 2008 20:46:27 EST Among the stock activity stories for Wednesday, Oct. 29, from AP Financial News: NEW YORK (AP)--As investors rushed back into the gambling sector on Wednesday, Las Vegas Sands Corp.'s shares spiked as the Federal Reserve's half-point cut to the federal funds rate appeared to alleviate fears about the casino operator's financing. http://www.ibtimes.com/articles/20081029/movers-roundup-las-vegas-sands-cardinal-health.htm Wed, 29 Oct 2008 19:13:44 EDT As investors rushed back into the gambling sector on Wednesday, Las Vegas Sands Corp.'s shares spiked as the Federal Reserve's half-point cut to the federal funds rate appeared to alleviate fears about the casino operator's financing. http://www.ibtimes.com/articles/20081029/las-vegas-sands-shares-spike-as-sector-surges.htm Wed, 29 Oct 2008 19:23:51 EDT Las Vegas Sands Corp. said Friday that Chairman and Chief Executive Sheldon Adelson and his family plan to take part in a capital raising program with an unnamed investment banking company. http://www.ibtimes.com/articles/20081024/sands-adelson-to-partake-in-capital-program.htm Fri, 24 Oct 2008 11:18:59 EDT Casino mogul Sheldon Adelson said Wednesday he is seeking to raise $2 billion in debt financing from Asian banks to complete work on expansion projects planned by Las Vegas Sands Corp. in the Chinese gambling enclave of Macau. http://www.ibtimes.com/articles/20081022/adelson-expects-asian-banks-to-be-happy-to-lend.htm Wed, 22 Oct 2008 18:23:11 EDT