Bloomberg.com, 6 Nov 2008, Michael Nol
Nov. 6 (Bloomberg) -- Las Vegas Sands Corp. plunged in New York trading after saying it may be in default of some loans if it can't raise capital, threatening its ability to keep operating ``as a going concern.''
Las Vegas Sands dropped $2.51, or 22 percent, to $9.15 at 9:44 a.m. before the start of New York Stock Exchange composite trading.
The casino company said in a regulatory filing today that it doesn't expect to meet a maximum leverage ratio covenant in the fourth quarter. That would trigger defaults that might force the company to suspend development projects and ``raise a substantial doubt about the company's ability to continue as a going concern.''
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