SINGAPORE — Cash strapped casino operator Las Vegas Sands Corp. is considering an initial public offering of its Macau assets and the sale of peripheral businesses to raise $3.5 billion to $4.0 billion, chairman Sheldon Adelson said Wednesday.
The company — hit by a funding crunch as the financial crisis unfolded — needs about $2 billion to finish its latest Macau hotel and casino project, and hopes to have the financing in place by September, Adelson said.
"We're actively, aggressively, sincerely looking at an IPO," he said at a news conference in Singapore. "We're talking to investors about putting in large amounts of equity and we're also talking to banks about project financing."
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