Las Vegas Sands Macau projects may raise USD 16 billion – ISA-GUIDE.de

Las Vegas Sands Macau projects may raise USD 16 billion

Las Vegas Sands Corp. could raise more money than it plans to invest on its Cotai Strip development in China through the sale of apartments and retail space, its chief operating officer said last Friday.

The company, known as the world’s largest gambling company by market value, expects to raise between USD 6 billion and USD 12 billion from the sale of retail space on the Cotai Strip, a development on China’s booming gambling enclave of Macau, Chief Operating Officer William Weidner told Reuters in an interview.

The company also expects to raise another USD one billion to USD 4 billion from the sale of apartments it is building there, Weidner said.

The company expects the total development cost of the Cotai Strip to be roughly USD 11 billion, he said.