South China Morning Post, 12 Nov 2008, Neil Gough
Las Vegas Sands Corp revealed yesterday that its Macau subsidiary faces a risk of default on US$3.3 billion in bank loans from a syndicate that includes Bank of East Asia (SEHK: 0023), Industrial and Commercial Bank of China (SEHK: 1398) and Citic Ka Wah Bank.
But last night, the embattled casino developer got a US$525 million investment from the family of its chairman and controlling shareholder, Sheldon Adelson, even as it sought to sell US$1.62 billion more in shares to raise cash.
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