Предыдущая публикация
Lost more than half of its value during this turbulent year
Putting the company at risk of breaching its loan agreement. Chairman and majority shareholder Sheldon Adelson used personal and family funds to privately purchase convertible senior bonds. This private transaction guaranteed more favorable conditions than was possible in the public credit market given the current credit crunch.
The decline in the company's stock has severely depressed Adelson's personal net worth, at least temporarily. A year ago, he was named the world's third richest man by Forbes magazine. Now he's down to No. 15 on Forbes' list.
Adelson has always insisted that Las Vegas Sands will continue its grand expansion plans and that "our strategy is still alive." There are three ongoing projects: $12 billion in Macau, $4 billion in Singapore and $800 million in Bethlehem, Pennsylvania.
슬롯
Следующая публикация
Нет комментариев