Macau Daily Times, 24 Nov 2008
Sheldon Adelson, CEO of Las Vegas Sands Corp, is scheduled to visit Macau and Singapore next week, while Goldman Sachs is working on a club loan of up to one billion US dollars for troubled gaming firm Venetian Macau Ltd.
According to a report from Reuters, talks on the prospective financing are at a preliminary stage, but sources believe the loan would be linked to Venetian Macau's recently suspended development projects at sites five and six on the Cotai Strip.
A 5.25 billion US dollar financing for Venetian Macau was recently put on hold after parent Las Vegas Sands suspended its Macau development in a move to improve the group's financial situation.
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