Tuesday, April 27, 2010

Sands Sale of Macau Malls, Apartments May Raise $12 Billion

April 27 (Bloomberg) -- Las Vegas Sands Corp. Chairman Sheldon Adelson said the sale of the casino operator’s malls and apartments in Macau may raise $12 billion, to recoup the cost of constructing the buildings that house them.


“It will be like $12 billion if we add up all the apartments and all the retail in Macau,” including those in buildings still under construction, Adelson, also the founder and chief executive officer of Las Vegas Sands, said in an interview in Singapore today.

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