Let's take a look at the key developments for this stock (LVS, rated BUY)
Posted on September 13, 2007 at 02:56 AM EDT
Las Vegas Sands Corp: Key Developments Las Vegas Sands Corp. Announces Initiation of Capital Raising Activity April 13,2007 Las Vegas Sands Corp. announced that it intends to begin the marketing and syndication of a $5 billion domestic credit facility, the proceeds of which are planned to be used to refinance its existing domestic credit facilities, to provide funding for current and future capital needs and for general corporate purposes. To aid in the marketing of that credit facility, the Company released certain financial information for its Las Vegas operations for the quarterly period ended March 31, 2007 Other Useful Information Las Vegas Sands Corp. (LVSC) owns and operates The Venetian Resort Hotel Casino (The Venetian) and The Sands Expo and Convention Center (The Sands Expo Center) in Las Vegas, Nevada, and The Sands Macao Casino (The Sands Macao) in Macao, China. The Company is also in the process of developing additional integrated resorts and properties in Las Vegas and Macao, including The Palazzo Resort Hotel Casino (The Palazzo), which will be adjacent to and connected with The Venetian, The Venetian Macao Resort Hotel Casino (The Venetian Macao) and other casino resort properties on the Cotai Strip in Macao. During the year ended December 31, 2006, the Company was awarded licenses to develop Marina Bay Sands, an integrated resort in Singapore, and Sands Bethworks in Bethlehem, Pennsylvania. It is also exploring other integrated resort opportunities in Asia, Europe and the United States.