Reuters, 3 Mar 2009, Deena Beasley
NEW YORK (Reuters) - Casino operator Las Vegas Sands (LVS.N) expects to avoid a debt default through a combination of cost cuts, the sale of two retail malls and increased business in Macau, Chairman and Chief Executive Sheldon Adelson said on Tuesday.
Without those actions, Sands, which operates the Palazzo and Venetian resorts on the Las Vegas Strip and has two casinos in the Chinese gambling enclave of Macau, could be in danger of violating loan covenants toward the end of the year, he said at the Reuters Travel and Leisure Summit in New York.
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