Sands may face imminent bankruptcy - HK auditor

[Avantas]

The auditor of Las Vegas Sands Corp, operator of the Venetian Macao and Sands casino hotels in Macau, has questioned its ability to avoid bankruptcy if it fails to obtain fresh funds.

Sands is in danger of defaulting on its debt repayments and breaching the limit on its debt ratio, auditor PricewaterhouseCoopers (PWC)warned.

Defaults would “raise substantial doubt about the company’s ability to continue as a going concern“, the auditor said.

Read full article from South China Morning Post here:

http://wayangparty.com/2008/11/07/fresh-doubts-on-sands/

 

[theblackhole]

another bloody con job and we all fell for it! knn!!!

 

[red amoeba]

dun worry - the gahmen will prop and finish up the casino project one. its too impt to fail.

 

[singveld]

The auditor of Las Vegas Sands Corp, operator of the Venetian Macao and Sands casino hotels in Macau, has questioned its ability to avoid bankruptcy if it fails to obtain fresh funds.

Sands is in danger of defaulting on its debt repayments and breaching the limit on its debt ratio, auditor PricewaterhouseCoopers (PWC)warned.

Defaults would “raise substantial doubt about the company’s ability to continue as a going concern“, the auditor said.

Read full article from South China Morning Post here:

http://wayangparty.com/2008/11/07/fresh-doubts-on-sands/

i though our million dollar scholars conclude that sands is best, and they will bring lots of rich china man to singapore?

when you paid peanuts, you get monkeys.

but in singapore case, you paid millions, you still get monkeys.

i guess PAP going to be owning and running casino.

will be first political party to run casino and what is next, sell white powder?