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A Las Vegas Sands Corp. spokesman disputed reports in the Asian media that the company will not borrow the $5.25 billion needed to complete part of its Cotai Strip development, the Las Vegas Review-Journal reports. Sands spokesman Ron Reese said the casino operator is seeking smaller-scale financing for individual projects on the Cotai region of Macau that are expected to open late next year. "The company at this point would prefer to keep in place current Macau debt terms, rather than renegotiate an entirely new package,'' said Reese. Las Vegas Sands was expected to spend about $12 billion to develop the Cotai Strip, which is anchored by the $2.4 billion Venetian Macau that opened in August 2007.
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