Sands Macau goes public

Sheldon Adelson’s Sands Macau goes public raising $2.5b.  The past year has been a terrible year for the gaming industry in Macau, the financial crisis has caused casino constructions to slow down and stop but Sheldon Adelson said his company is now excited to progress ahead.  Sheldon Adelson said he had no doubts he would be progressing ahead it was just a case of when, the media have made the low points of the recession affecting the Sands seem far worse than we actually felt said Adelson he was never as worried as the media made it out he and the Sands were.  Adelson said he is not worried about the company debt of $5 billion as they could pay this off.

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This entry was posted on Friday, December 18th, 2009 at 8:55 pm and is filed under Casinos in Macau.

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