Nevada Business in Tourism

Las Vegas Sands Shares up as Hong Kong Offer Range Set
ATLANTA (Reuters) - Shares of Las Vegas Sands Corp rose 7 percent on Monday after the casino operator said it would look to raise up to $3.35 billion through an initial public offering of shares in its Macau business. The IPO of the Macau assets "does give the company much needed extra liquidity and flexibility, so it is a positive development for Las Vegas Sands and a positive sign for the industry in general that they are able to tap that market," said Matthew Jacob, an analyst with Majestic Research.
[ source ] http://abcnews.go.com : November 9, 2009 |  Comments: (0)

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