Old Fart Gave $3.2B to Sands?!!!!

[makapaaa]

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>Sands raises $3.2b for projects
</TR><!-- headline one : end --><!-- Author --><TR><TD class="padlrt8 georgia11 darkgrey bold" colSpan=2>By Lim Wei Chean
</TD></TR><!-- show image if available --></TBODY></TABLE>




<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->CASINO operator Las Vegas Sands announced yesterday that it had raised the additional US$2.1 billion (S$3.2 billion) required to complete its development commitments, including Singapore's integrated resort in Marina Bay.
Its ability to do so also prompted its auditor PricewaterhouseCoopers (PwC) to remove a warning that there was 'substantial doubt' the company could continue operating.
The fate of the Marina Bay integrated resort came into question after PwC, in a regulatory filing last week, said Las Vegas Sands could go bust.
The news had Singapore worried that the casino operator would not be able to complete the US$4.5 billion project as promised.
However, Sands' top executives affirmed last week that the Marina Bay Sands IR remained its 'top priority'.
To ensure that it could complete the Singapore development, it has suspended projects in Macau and Las Vegas. It also went on a drive to raise new capital through selling of stocks and warrants. The latest amount raised will be used as collateral for Sands to draw on its loan for the local project, among others.
On Monday , Senior Minister of State for Trade and Industry
S. Iswaran assured Parliament that the project was still going ahead, and that the authorities were working with the company to complete it. He also stressed that there was no concession from the Government in allowing the number of gaming tables to be upped from 600 to 1,000. The restriction on the casino remains at 15,000 sq m.

 

[Merl Haggard]

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>Sands raises $3.2b for projects
</TR><!-- headline one : end --><!-- Author --><TR><TD class="padlrt8 georgia11 darkgrey bold" colSpan=2>By Lim Wei Chean
</TD></TR><!-- show image if available --></TBODY></TABLE>




<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->CASINO operator Las Vegas Sands announced yesterday that it had raised the additional US$2.1 billion (S$3.2 billion) required to complete its development commitments, including Singapore's integrated resort in Marina Bay.
Its ability to do so also prompted its auditor PricewaterhouseCoopers (PwC) to remove a warning that there was 'substantial doubt' the company could continue operating.
The fate of the Marina Bay integrated resort came into question after PwC, in a regulatory filing last week, said Las Vegas Sands could go bust.
The news had Singapore worried that the casino operator would not be able to complete the US$4.5 billion project as promised.
However, Sands' top executives affirmed last week that the Marina Bay Sands IR remained its 'top priority'.
To ensure that it could complete the Singapore development, it has suspended projects in Macau and Las Vegas. It also went on a drive to raise new capital through selling of stocks and warrants. The latest amount raised will be used as collateral for Sands to draw on its loan for the local project, among others.
On Monday , Senior Minister of State for Trade and Industry
S. Iswaran assured Parliament that the project was still going ahead, and that the authorities were working with the company to complete it. He also stressed that there was no concession from the Government in allowing the number of gaming tables to be upped from 600 to 1,000. The restriction on the casino remains at 15,000 sq m.

http://www.sammyboy.com/showthread.php?p=91390#post91390

So Temasick or GIC came forward to rescue Sands and for this reason Sands is going
ahead to complete the Marina Bay IR, but not the half-finished projects in Macao.

Ex-taxi driver, Sheldon Adelson spent the whole of last week in town did pay off after all.

 

[imperialarms]

all gone liao.....our lsat chance is this weekend to rally in front of ISTANA

 

[myo539]

Who came to the rescue is all speculations. There are many people who thrive on speculations and rumours.

The bottom line is : If you don't chute money, how to jeep money?

A casino in almost every case is sure to make money. So when Sands goes IPO, be sure to queue up and invest. It can shoot up from $10 to $100. So let's pray hard that Sands and Resort World be up and operating next year and the next. Then everyone will Huat Ah!

 

[silverspoon]

there is no free lunch one...someone must have given sands alot of benefits else why they drop all other project and concentrate on the marina IR only

 

[theblackhole]

it'll be another quicksand...you can't be these economic hit men...singaporeans are gullible and the sands castles will remain what they are supposed to be ...just sands castles in the air....another debacle....the three tablets and the three graves...bad omen indeed.

u don't know what is going to happen next...when your path is crooked and when you've shifted your focus away from the righteous umbrella, you get rained with bad luck and tragedies...and disasters. sands is quicksand.be very careful.

 

[Dan Now]

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>Sands raises $3.2b for projects

</TR><!-- headline one : end --><!-- Author --><TR><TD class="padlrt8 georgia11 darkgrey bold" colSpan=2>By Lim Wei Chean

</TD></TR><!-- show image if available --></TBODY></TABLE>




<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->CASINO operator Las Vegas Sands announced yesterday that it had raised the additional US$2.1 billion (S$3.2 billion) required to complete its development commitments, including Singapore's integrated resort in Marina Bay.
Its ability to do so also prompted its auditor PricewaterhouseCoopers (PwC) to remove a warning that there was 'substantial doubt' the company could continue operating.
The fate of the Marina Bay integrated resort came into question after PwC, in a regulatory filing last week, said Las Vegas Sands could go bust.
The news had Singapore worried that the casino operator would not be able to complete the US$4.5 billion project as promised.
However, Sands' top executives affirmed last week that the Marina Bay Sands IR remained its 'top priority'.
To ensure that it could complete the Singapore development, it has suspended projects in Macau and Las Vegas. It also went on a drive to raise new capital through selling of stocks and warrants. The latest amount raised will be used as collateral for Sands to draw on its loan for the local project, among others.
On Monday , Senior Minister of State for Trade and Industry
S. Iswaran assured Parliament that the project was still going ahead, and that the authorities were working with the company to complete it. He also stressed that there was no concession from the Government in allowing the number of gaming tables to be upped from 600 to 1,000. The restriction on the casino remains at 15,000 sq m.

Substandard Crap State media at it again.

CAN THE REPORTERS KINDLY TELL US THE PROCESS IN CLEAR TERMS ABOUT HOW SANDS HAVE RAISE THEIR MONEY ?

WHO WOULD WANT SAND's COLLATERAL NOW ?

Can THE REPORTERS OF the STATE TIMES at least, name the BANK or the INSTITUION THAT IS CRAZY ENOUGH TO BAIL SANDS OUT.

It is obvious that something fishy is going on.

Dan

 

[sally]

Sands better finish the project or MM Lee will wallop them :p

 

[Merl Haggard]

Substandard Crap State media at it again.

CAN THE REPORTERS KINDLY TELL US THE PROCESS IN CLEAR TERMS ABOUT HOW SANDS HAVE RAISE THEIR MONEY ?

WHO WOULD WANT SAND's COLLATERAL NOW ?

Can THE REPORTERS OF the STATE TIMES at least, name the BANK or the INSTITUION THAT IS CRAZY ENOUGH TO BAIL SANDS OUT.

It is obvious that something fishy is going on.

Dan

Only GAyeC or Temasick and of course with instructions from old fart.

 

[Merl Haggard]

Now arrogant Sheldon is squeezing old scum's balls to remove the $100 admission fee for peasants.

 

[theblackhole]

heaven gave you one chance to walk clean and clear the deck but you insisted to continue the path of unvirtuous commitment.

now this is the beginning of the great tragedy which will be unfolding.....

 

[Leegimeremover]

heaven gave you one chance to walk clean and clear the deck but you insisted to continue the path of unvirtuous commitment.

now this is the beginning of the great tragedy which will be unfolding.....

Wait for LVS CEO to pull the fast one, pat you on the back say sorry, and go on another hillbilly scam.

 

[KKC007]

Sands is publicly listed. I'm sure the information is out there somewhere. Anybody knows how to access the information?

 

[theblackhole]

Wait for LVS CEO to pull the fast one, pat you on the back say sorry, and go on another hillbilly scam.

this will be the last straw that will ultimately break the camel's back....hillbilly good-bye!!!!

 

[DIVISION1]

Please refrain from such seditious accusations. It is not good for the country and for you.

 

[pia]

Sands is publicly listed. I'm sure the information is out there somewhere. Anybody knows how to access the information?

Googled and found Bloomberg article:

"The company raised $2.1 billion last week selling stock and warrants, prompting auditor PricewaterhouseCoopers LLC to yesterday remove a warning that there was ``substantial doubt'' the company could survive. "

 

[KKC007]

Sands is publicly listed. I'm sure the information is out there somewhere. Anybody knows how to access the information?

Googled and found Bloomberg article:

"The company raised $2.1 billion last week selling stock and warrants, prompting auditor PricewaterhouseCoopers LLC to yesterday remove a warning that there was ``substantial doubt'' the company could survive. "

Ok Google. Found the following:

http://www.bloomberg.com/apps/news?pid=20601087&sid=a_C6W34c.z0M&refer=home

Quote:
Las Vegas Sands Corp. has enough money to finish Singapore's first casino without help from the city-state's government or billionaire Kwek Leng Beng after the company raised $2.1 billion, President William Weidner said.

 

[numero uno]

Who came to the rescue is all speculations. There are many people who thrive on speculations and rumours.

The bottom line is : If you don't chute money, how to jeep money?

A casino in almost every case is sure to make money. So when Sands goes IPO, be sure to queue up and invest. It can shoot up from $10 to $100. So let's pray hard that Sands and Resort World be up and operating next year and the next. Then everyone will Huat Ah!

typical crap talk.
all hot air!!! pok Kai more likely.That's right, hot air. STI is now at 1600 and would hit 1000 soon. Just to illustrate my point, last year alot of financial analysts said the STI would hit 4500 at year 2008 and 5000 by mid 2008. What happened to all these so vcalled "experts"/ idiots who monitored the market and are sipposed to be the "best". They are the worst!!! and even a layman like me can predict 2 years ago taht a financial storm would hit the world soon. see what happened to LVS when it shares dropped by 96%!!!!!!!
what make you so sure it would go up? It can just plummet and then don't go crying to govt to intervene. alot of casinoes in LV are already in the red. BTW Taiwan, thailand , korea, Jappan all going to built casinoes. afterall casinoes so easy to built overnight, and then what?????

 

[Merl Haggard]

Sands is publicly listed. I'm sure the information is out there somewhere. Anybody knows how to access the information?

Googled and found Bloomberg article:

"The company raised $2.1 billion last week selling stock and warrants, prompting auditor PricewaterhouseCoopers LLC to yesterday remove a warning that there was ``substantial doubt'' the company could survive. "


Ok Google. Found the following:

http://www.bloomberg.com/apps/news?pid=20601087&sid=a_C6W34c.z0M&refer=home

Quote:
Las Vegas Sands Corp. has enough money to finish Singapore's first casino without help from the city-state's government or billionaire Kwek Leng Beng after the company raised $2.1 billion, President William Weidner said.

What a coincidence; immediately after the Lithuanian Jew spent a week in S'pore, went back to Vegas and the next
day he managed to raise USD2.1 bln.

Don't forget just one week earlier LVS attempted to borrow USD5.4 bln from banks in HK, but was squarely rejected!

Anyway I am not complaining, but on the contrary am very happy that old fart & scum has finally met his waterloo.

 

[singveld]

it look like PAP even in dire straits refused to compromise and still interfere with sands business decision.

i think the casino will be a massive failure. you cannot run a business with gov putting their nose in the business.