Las Vegas Sands Corp. is trying to change the financial situation in terms of the loan covering the Macau casino.
Amending the company’s 3.3 billion U.S. dollars Macau credit facility increased the interest rate, but 18 months Las Vegas Sands has the opportunity to conduct an initial public offering in Hong Kong Stock Exchange by selling shares of the company’s Macau casino .
Wall Street news was greeted positively, shares of Las Vegas Sands ended at 13.79 dollars at the New York Stock Exchange.
Joe Registry, an analyst at JPMorgan games said that this improves the situation of liquidity of the company and offers a casino operator to increase financial flexibility.
Las Vegas Sands has several projects in the region even in Macao at odds Strip where construction was halted in November due to lack of funding the project.The company avoided bankruptcy by a 2.1 billion U.S. dollars recapitalization, which included a 1 billion dollar cash infusion from company Chairman Sheldon Adelson.
Have recently restarted work on building some of the Strip Cota, who works for the company planned a $ 12 billion. The plan includes 20,000 hotel rooms which were a priority for the company.