The Associated Press, OSKAR GARCIA
"LAS VEGAS (AP) — 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."
"If Sands can't raise capital and does default on portions of its long-term debt, estimated at $8.8 billion by Thomson Reuters, the company said it would have to suspend some, if not all of its development projects."
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