Categorized | Asia, Casino

Las Vegas Sands may be forced to suspend Macau casino construction

Las Vegas Sands Corp may be forced to suspend construction of a 3.3 bln usd, 6,400-room casino hotel project opposite its Venetian Macau casino hotel if it fails to obtain fresh funds, the South China Morning Post reported, citing Las Vegas Sands auditor PricewaterhouseCoopers.
The newspaper, citing a PWC filing to the US Securities and Exchange Commission, said Sands is in danger of defaulting on debt and breaching debt ratio covenants.

A default would “raise substantial doubt about the company’s ability to continue as a going concern,” the newspaper quoted PWC as saying.

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