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

[Cestbon]

Sands will not able to open in end of 2009 as in the news. It will be delay 2~3 years. I don't believe what is in the news.

 

[Swiss Standard]

The casinoes will likely join the long list of white elephants...Tang Dynasty, Har Par Villa, Durian @ espanade, Singapore Flyer...can anyone remember any thing that enjoy great success in Singapore.

 

[chupacabra]

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?????

Don't forget all these other countries you have mentioned who are going to built casinos are already attractions on their own. Sinkholepore is so screwed.

 

[KKC007]

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.

It looks like they sold 200M ordinary shares and 10M preferred shares. The Adelsons bought 172M ordinary and all of the preferred shares.

http://phx.corporate-ir.net/phoenix.zhtml?c=185629&p=irol-sec
http://ccbn.10kwizard.com/xml/download.php?repo=tenk&ipage=5988156&format=PDF
http://ccbn.10kwizard.com/xml/download.php?repo=tenk&ipage=5988149&format=PDF
http://ccbn.10kwizard.com/xml/download.php?repo=tenk&ipage=5983477&format=PDF

I am not good at reading such things. Anyone can confirm?

 

[Merl Haggard]

It looks like they sold 200M ordinary shares and 10M preferred shares. The Adelsons bought 172M ordinary and all of the preferred shares.

http://phx.corporate-ir.net/phoenix.zhtml?c=185629&p=irol-sec
http://ccbn.10kwizard.com/xml/download.php?repo=tenk&ipage=5988156&format=PDF
http://ccbn.10kwizard.com/xml/download.php?repo=tenk&ipage=5988149&format=PDF
http://ccbn.10kwizard.com/xml/download.php?repo=tenk&ipage=5983477&format=PDF

I am not good at reading such things. Anyone can confirm?

Out of the US$2.1 bln, Sheldon dished out US$580 million.

The balance is from some mystery investor.

 

[The_Latest_H]

Don't forget all these other countries you have mentioned who are going to built casinos are already attractions on their own. Sinkholepore is so screwed.

Singapore's problem with these financial analysts is that these people often sugarcoat and badly mislead on financial prospects. And because they are often paid by the state press to say what the government wants to hear, and not what the government needs to hear, its no wonder whenever an economical news report, say unemployment, is released, the spinning from these people starts, and they often bubble up the positive side.

So if they say the unemployment rate remains bad, they will say that, oh because of the current market, this is to be expected. I'd worry if it doesn't. But with the IRs opening up soon, and with a few malls, I expect these companies would start hiring, and we will be home free again.

Any person who knows nuts about economical issues- and there are many, since economics is a science, isn't easy and for everyone- would believe these analysts because they were supposed to be experts. But they are being misled because these people are unreliable and have been politically compromised. They say what the government wants them to say, and not what the truth deems them what to say.

 

[KKC007]

Out of the US$2.1 bln, Sheldon dished out US$580 million.

The balance is from some mystery investor.

That's my point. It is a publicly listed company. There cannot be "mystery" investors.

 

[Merl Haggard]

That's my point. It is a publicly listed company. There cannot be "mystery" investors.

Wait for LVS filing with the relevant authority to see who the mystery investor is, but mystery investor can always get underwriter to be proxy.