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The Las Vegas Sands Corporation

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April 05, 2009 – Comments (3) | RELATED TICKERS: LVS

The Las Vegas Sands Corporation (NYSE: LVS) owns and operates The Venetian Resort Hotel Casino, The Palazzo Resort Hotel Casino, and The Sands Expo and Convention Center in Las Vegas, Nevada.

In addition, the company owns and operates the Sands Macao, The Venetian Macao Resort Hotel, the Four Seasons Hotel Macao, and the Cotai Strip in Macao, People’s Republic of China.

Additionally, the company is creating a master-planned development of integrated resort properties, anchored by The Venetian Macao, and referred to as the Cotai Strip in Macao.

The company is also developing Marina Bay Sands, an integrated resort in Singapore, and Sands Casino Resort Bethlehem, an integrated resort in Bethlehem, Pennsylvania.

At the end of fiscal 2007, the company had approximately $7.6 billion of debt. At the end of fiscal 2008, the company had $10.4 billion of debt, an increase of almost 37% in one year.

In the immortal words of Randolph Duke to Wilson..."Idiot! Get back in there and sell, sell"!

Wax

Las Vegas Sands Corporation

 

 

3 Comments – Post Your Own

#1) On April 05, 2009 at 8:30 PM, HSPV (< 20) wrote:

They also are coming into completion of their casino in Bethlehem, PA

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#2) On April 05, 2009 at 9:22 PM, Tastylunch (29.54) wrote:

Wax said

"I believe management is simply too inept to run this company. I also believe that this company will end
up in the hands of a receiver and that all of the shareholders will lose all of their investment."

I agree completely. That debt load is staggering.

Their unwillingness/inability to adapt to changing credit conditions is just ludicrous.

It's been a great short over the past year or so.

Nice clip,I love I Trading Places!

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#3) On April 06, 2009 at 10:25 AM, Kingr008 (< 20) wrote:

Hi All,
 
Want to to be in TIME Magazine?
 
Be Part of the Next Big Picture: http://www.nextbigpicture.com
 
Next Big Picture will be advertised in TIME's 2009 Person of the Year Issue.

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