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/
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/