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Sands Corp.'s Difficulties Deepen

(November 2008) posted on Fri Nov 07, 2008 EST


Las Vegas Sands Corp. is warning that it could end up in violation of its debt covenants, The Wall Street Journal reports. In a filing with the U.S. Securities and Exchange Commission, the struggling casino giant said its ability to continue in business is in "substantial doubt" if it is unable to raise new capital. The company's difficulties could jeopardize developments underway in Singapore, Pennsylvania, Las Vegas and Macau. Sands has said it is working with a financial adviser to seek a cash infusion.


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