Shares expected to net $2 billion
| Tweet |
Las Vegas Sands Corp. has received regulatory approval from Hong Kong officials to go ahead with a $2 billion initial public offering for its Venetian Macao casino/resort, Dow Jones Newswire reports. If the offering goes ahead as expected within the next several days, Sands will become the second U.S.-based casino operator in recent weeks to launch an IPO in Hong Kong. Wynn Resorts netted $1.6 billion for a share offering for its Wynn Macau operations.
Did you enjoy this article? Click here to subscribe to the magazine.