Sands is in a mess!

[Cestbon]

Sands bankrupt is good for all Singapore. We will see less bankrupt, loanshark, prostitue and ......

 

[theblackhole]

Sands bankrupt is good for all Singapore. We will see less bankrupt, loanshark, prostitue and ......

agree.sands banktrupt is good.no casinos.no gamblers.no evil.no loans and no broken homes and no broken marriages.turn the whole place into a dormitory for foreign workers.everybody happy happy.hahahaha.

 

[kuntakinte]

Sigh.... you and your NS.... I hate it too, but I got over it....

Strange, I dun even have a photo of my NS days. not even in the reservist force.

it is just a simple case of the sands ceo wanting to kill sg for killing his son with NS.

 

[silverfox@]

Sands bankrupt is good for all Singapore. We will see less bankrupt, loanshark, prostitue and ......

U want less prostitute, First of all sammyboyforum must be closed. Only then will there not be so many people advertising sex services on the internet.
So you have to tell that to Sam Leong. :p

 

[snrcitizen]

I mean out of both banks completely, Div 1. From POSB to HSBC instead, for example- if HSBC isn't also in the derivatives business as well.

He knows what you were originally saying. It's just that he has blind loyalty to PAP so he intentionally twisted your point.

 

[metalslug]

DBS and POSB are the same company you moron!!

You can always move money from DBS to POSB and vice versa for free easily, if you have linked accounts.

 

[Merl Haggard]

Of course, there are instructions from the top and these bunch of f88kers at the top were more than eager to get the IR started right away. I dun think Sheldon had taken them for a ride. These bunch of f88kers were thinking, he is the world 3rd richest man, what could go wrong ?

Just like Goh Chok Tong praising K K Fong, ex-CEO of ione.net and cited ione.net was the Singapore internet baby ? What f88ks ? ione.net gone f88ked.

GCT and LHL praised the 3 Singaporean guys at Silicon Valley that developed the internet graffiti and touted them to be the next up and coming netreprenuers with innovative product. What happened ? F88k it !! NOTHING !!!

These f88kers are good at wayang, when things go wrong, they kept quiet and no hint of remorse or apologetic. When things go right, they increased their own salary - like striking the Autumn fest TOTO draw every year !!

Of course, Jackson Tai was smart enough to withdraw before he ejaculates. Otherwise, an unwanted pregnancy will occur !!

Yes you may be right.

But those arseholes who collect multi-million Dollar wages should not have overlooked Sheldon's heavy borrowings on
his 2 mega casinos in Vegas and 3 in Macao.

While the going was good he was able to collect his earnings from the tables to service his loans, but not otherwise.

LVS is now passing at 5.52 and it'll be interesting to see whether it can still be around in 1 to 2 months' time.

 

[eeoror88]

Old Man at Blackjack table shout "PICTURE" !! Croupier blur for awhile !!

 

[zhihau]

LVS is now passing at 5.52 and it'll be interesting to see whether it can still be around in 1 to 2 months' time.

would it be suspended for trading if the price falls below a certain value?

 

[lifeafter41]

Yes you may be right.

But those arseholes who collect multi-million Dollar wages should not have overlooked Sheldon's heavy borrowings on
his 2 mega casinos in Vegas and 3 in Macao.

While the going was good he was able to collect his earnings from the tables to service his loans, but not otherwise.

LVS is now passing at 5.52 and it'll be interesting to see whether it can still be around in 1 to 2 months' time.

It is interesting to note that as you refresh the finance pages, as the share prices drop (LVS), the market capitalisation also shrinks considerably. Now, that is real time information. Nevertheless, it has fallen quite a fair bit.

 

[Merl Haggard]

would it be suspended for trading if the price falls below a certain value?

Drop until Sheldon files for Chapter 11.

For a company's share price to lose 97% of its value within 11 months, I believe it's as good as 'up the lorry.'

 

[condom_loong]

Don't worry!

Pah-LEE-ment already approved me to spend National Reserve, I will dump all the reserve to build casino and lose them all.

What is called Pah-LEE-ment?

Because it is belonged to my Papa!

 

[eeoror88]

You and your papa go casino's blackjack table and shout "PICTURE". Croupier blur !!

 

[Merl Haggard]

It is interesting to note that as you refresh the finance pages, as the share prices drop (LVS), the market capitalisation also shrinks considerably. Now, that is real time information. Nevertheless, it has fallen quite a fair bit.

Last night despite Dow Jones surging 900 pts, LVS hit a low of 4.22 to close at 4.90 down 15%.

I understand that Sheldon (70% owner of LVS) pledged his LVS shares (when it was trading at US$142) as collateral to his lending banks to obtain his $5.4bln loan for the purchase of land & construction of the Marina Bay IR.

He has already drawn down the 5.4 bln Dollar loan, paid 20% ($240 m) to URA for the purchase of IR site and all his consultants and contractors involved have not been paid for many months.

He has now discovered that China is restricting her people from oversea gambling, and so it makes no good business sense for him to complete the IR at Marina Bay of which the construction cost has escalated to $8.5 bln.

To-date his LVS shares have fallen 97%, and I suspect his next course of action is to file for Chapter 11. By filing for Chapter 11 his two mega casino resorts, The Venetian & The Palazzo in Vegas will be protected, and he'll just walk away from his Macao's & S'pore's commitment.

If my reading is correct, even if Temasek and GIC wish to assist and rescue Las Vegas Sands to complete the Sands Marina Bay IR, Sheldon would not be keen at all.

At the end of it all, Sheldon will emerge the overall winner, leaving behind the syndicate of lending banks to hold his worthless LVS shares and the S'pore gahman to lose face big-time.

We may have to get used to living with this huge white elephant for a long long time till some casino mogul decides to revive the Marina Bay IR.

What say you?

 

[snrcitizen]

Last night despite Dow Jones surging 900 pts, LVS hit a low of 4.22 to close at 4.90 down 15%.

I understand that Sheldon (70% owner of LVS) pledged his LVS shares (when it was trading at US$142) as collateral to his lending banks to obtain his $5.4bln loan for the purchase of land & construction of the Marina Bay IR.

He has already drawn down the 5.4 bln Dollar loan, paid 20% ($240 m) to URA for the purchase of IR site and all his contractors involved have not been paid for many months.

He has now discovered that China is restricting her people from oversea gambling, and so it makes no good business sense for him to complete the IR at Marina Bay whose cost has escalated to $8.5 bln to build.

To-date his LVS shares have fallen 97%, and I suspect his next course of action is to file for Chapter 11. By filing for Chapter 11 his two mega casino resorts in Vegas will be protected, and he'll probably walk away from his Macao's & S'pore's commitment.

If my reading is correct, even if Temasek and GIC want to rescue LVS, Sheldon would not be keen at all.

At the end of it all, Sheldon will emerge the overall winner, leaving behind the syndicate of lending banks to hold his worthless LVS shares and the S'pore gahman to lose face big-time.

We may have to get used to living with this huge white elephant for a long long time till some casino mogul decides to revive the Marina Bay IR.

What say you?

Your points above made good sense. Appreciate you sharing your reading of the situation with us.

 

[soikee]

Last night despite Dow Jones surging 900 pts, LVS hit a low of 4.22 to close at 4.90 down 15%.

I understand that Sheldon (70% owner of LVS) pledged his LVS shares (when it was trading at US$142) as collateral to his lending banks to obtain his $5.4bln loan for the purchase of land & construction of the Marina Bay IR.

He has already drawn down the 5.4 bln Dollar loan, paid 20% ($240 m) to URA for the purchase of IR site and all his contractors involved have not been paid for many months.

He has now discovered that China is restricting her people from oversea gambling, and so it makes no good business sense for him to complete the IR at Marina Bay whose cost has escalated to $8.5 bln to build.

To-date his LVS shares have fallen 97%, and I suspect his next course of action is to file for Chapter 11. By filing for Chapter 11 his two mega casino resorts in Vegas will be protected, and he'll probably walk away from his Macao's & S'pore's commitment.

If my reading is correct, even if Temasek and GIC want to rescue LVS, Sheldon would not be keen at all.

At the end of it all, Sheldon will emerge the overall winner, leaving behind the syndicate of lending banks to hold his worthless LVS shares and the S'pore gahman to lose face big-time.

We may have to get used to living with this huge white elephant for a long long time till some casino mogul decides to revive the Marina Bay IR.

What say you?

[UOB has loaned to Las Vegas Sands $890m, DBS - $740m and OCBC is around $570m.]



According to media reports your 3 Singapore banks are exposed to Las Vegas Sands up to a tune of S$2.2b. Once LVS files for Chapter 11, DBS, OCBC & UOB would take a severe hit.

Those who have facility can sell short on these 3 banks.

 

[singveld]

Sands bankrupt is good for all Singapore. We will see less bankrupt, loanshark, prostitue and ......

lets see, sinkies bank lend out a lot of money, which they will not see again.

gov gave land to them, which worth very little now, with a empty building.

hotel expanding, need to size down, lots of job gone.

lots of worker who might get job there, now jobless.

building work have to stop, construction worker have no income.

PAP screw up, if they said NO in the first place, all these trouble will be avoid, they are the devil , they are the cause of all the trouble in singapore.

not that i care if people go bust because of gambling. who care about these suckers, a sucker is born every minute. every 10 minutes someone are scam by a nigerian. every sec someone is scam by lure of money by singapore pools.

either build or no build, now ma cha half way, no up no down. total screw up, PAP. you suck.

 

[Gillette]

Last night despite Dow Jones surging 900 pts, LVS hit a low of 4.22 to close at 4.90 down 15%.

I understand that Sheldon (70% owner of LVS) pledged his LVS shares (when it was trading at US$142) as collateral to his lending banks to obtain his $5.4bln loan for the purchase of land & construction of the Marina Bay IR.

He has already drawn down the 5.4 bln Dollar loan, paid 20% ($240 m) to URA for the purchase of IR site and all his consultants and contractors involved have not been paid for many months.

He has now discovered that China is restricting her people from oversea gambling, and so it makes no good business sense for him to complete the IR at Marina Bay of which the construction cost has escalated to $8.5 bln.

To-date his LVS shares have fallen 97%, and I suspect his next course of action is to file for Chapter 11. By filing for Chapter 11 his two mega casino resorts, The Venetian & The Palazzo in Vegas will be protected, and he'll just walk away from his Macao's & S'pore's commitment.

If my reading is correct, even if Temasek and GIC wish to assist and rescue Las Vegas Sands to complete the Sands Marina Bay IR, Sheldon would not be keen at all.

At the end of it all, Sheldon will emerge the overall winner, leaving behind the syndicate of lending banks to hold his worthless LVS shares and the S'pore gahman to lose face big-time.

We may have to get used to living with this huge white elephant for a long long time till some casino mogul decides to revive the Marina Bay IR.

What say you?

This project is too big to fail. Impact will be severe if it does, especially on the banks' balance sheet.

Note that this project is on a "white site". If Sands is unable to complete the project, I believe the govt is entitled to take back the land. Temasek will then simply nationalize the project. Since Sands already paid for the land cost, Temasek will use that money to complete the construction and get either Sands, Harrah, Wynn, or MGM to operate the casino... and Mr Lee gets a free casino in the process! Rest assure our learned and well paid Mr Lee already thought of that contingency plan.

 

[myo539]

No wonder the main contractors need to cut the pay of the PRC FTrash from an awesome $1.7k by half due to "lack of work".


How can there be "lack of work" when every time I pass by the place, the forest of cranes seemed to be swaying to and fro - and the buildings grow floor after floor? May be these PRC men came here to chiak hong.

 

[Merl Haggard]

This project is too big to fail. Impact will be severe if it does, especially on the banks' balance sheet.

Note that this project is on a "white site". If Sands is unable to complete the project, I believe the govt is entitled to take back the land. Temasek will then simply nationalize the project. Since Sands already paid for the land cost, Temasek will use that money to complete the construction and get either Sands, Harrah, Wynn, or MGM to operate the casino... and Mr Lee gets a free casino in the process! Rest assure our learned and well paid Mr Lee already thought of that contingency plan.

LVS has so far paid to URA only 20% of the $1.2 bln for land cost.

$240 m is hardly enough to complete a $8.5 bln project.