November 3rd, 2009
LAS VEGAS SANDS OUTLINES PLANS FOR MACAU lasvegassun.com
Las Vegas Sands has released detailed information on its Macau operations ahead of its initial public offering from which it hopes to raise some $2.5billion. Yesterday the company said it had completed its listing committee hearing with the exchange and was awaiting the formal approval for the listing of its subsidiary Sands China Ltd. As part of the approval process with the Hong Kong stock exchange, Sands posted a lengthy “Web Proof Information Pack” on the exchange’s website. The information pack forecasts 2009 adjusted EBITDAR of $803 million from LVS’ Macau operations, up from $686 million in 2008.