Sands reworks credit line to allow sale of interest in Macau operations, add liquidity

LAS VEGAS — Casino operator Las Vegas Sands Corp. says it has reworked a credit agreement in a way that would let it sell a minority interest in its Macau operations to raise cash.

Las Vegas Sands CEO Sheldon Adelson says room rate cuts

The casino industry has seen revenue drop for more than a year at the same time it is coming off an extended building binge. The combination of those factors with the global credit crunch has put many in a financial bind.

Adelson says Sands may raise $3.5-$4 billion from Macau IPO, selling noncore assets

SINGAPORE — Cash strapped casino operator Las Vegas Sands Corp. is considering an initial public offering of its Macau assets and the sale of peripheral businesses to raise $3.5 billion to $4.0 billion, chairman Sheldon Adelson said Wednesday.

Las Vegas Sands, MGM Mirage & Wynn Resorts report weak 1st qtr as economy keeps gamblers away

NEW YORK — Casino companies, slammed hard by the recession, said their revenue suffered and profit plunged in the first quarter.

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