Las Vegas Sands Corp., whose credit ratings were increased today to investment grade by Standard & Poor’s, will boost interest to lenders in return for extending its loan maturity and removing financial covenants.
Las Vegas Sands Corp., the casino company controlled by billionaire Sheldon Adelson, is seeking $3.25 billion of loans to pay off an existing credit pact, according to a person with knowledge of the transaction.
Lobbying on Syria has inspired coalitions of the unlikely, aligning President Barack Obama with Sheldon Adelson, the Republican billionaire who spent about $70 million trying to defeat him last year, in the push for a military response to the use of chemical weapons.
Las Vegas Sands Corp. is stalling a wrongful termination lawsuit by its former Macau casino chief that could expose billionaire Sheldon Adelson’s company to “serious legal and political problems,” the fired executive said in court papers.
Macau police arrested 110 mainland Chinese women in anti-prostitution raid on the Venetian casino- resort, the Standard said, citing Chan Kin-hong, chief coordinator of criminal investigation for the Judiciary Police.