Alibaba.com, 25 Oct 2009
Las Vegas Sands Corp may struggle to secure up to $2 billion in financing for mothballed projects and dent already-lowered valuations for the planned Hong Kong initial public offering of its Macau operations, bankers and analysts said.
The world's most valuable casino operator needs the money to complete its two suspended projects in Macau, which have become major embarrassments and eyesores as the company prepares to raise up to $2.5 billion in a public offering.
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