Sunday, August 22, 2010

Las Vegas Sands to pay down debt

Las Vegas Sands Corp. plans to pay off more than $1 billion in outstanding debt while extending the maturity of about 75 percent of its loans by at another three years.

The move, announced Wednesday in a filing with the Securities and Exchange Commission, gives Las Vegas Sands some financial breathing room as the company moves to restart stalled casino projects in Macau and explore other gaming opportunities

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