Cash-starved Las Vegas Sands seeks help in Asia

International Herald Tribune, 7 Nov 2008, Bloomberg

HONG KONG: Sheldon Adelson, the billionaire who controls Las Vegas Sands, is in talks with Singapore's government and banks in Hong Kong and Macao as a cash shortage threatens $16 billion of casino developments in Asia, people familiar with the negotiations said.

Adelson and government officials, who met this week, will pledge to complete a $4 billion project in Singapore, said a person with knowledge of the meeting, who declined to be identified because the information isn't public. Hong Kong and Macao bankers are also discussing financing for Las Vegas Sands' Macao projects, said two people involved in the transaction.

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