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The credit crunch has forced Las Vegas Sands Corp. to postpone plans to raise $5.25 billion to expand its hotel resort and casino in Macau, China, the South China Morning Post reports. "Right now, it is a pulled deal," a source told the newspaper. "It will come back when they cook up a new shape and a new price." Five firms -- Lehman Brothers, Citi, Goldman Sachs, BOC International and Standard Chartered -- were reportedly originally on board as arrangers of the syndicated loan. But in recent months, Lehman went bankrupt and Citi and Goldman Sachs encountered liquidity issues. A source told the Post that a new plan might emerge in January for the $3.3 billion, 6,400-room Cotai casino resort, which would be across the street from the Venetian Macau.
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