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Old 11-11-2008, 12:00 AM
 
289 posts, read 1,040,658 times
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November 10, 2008

"Las Vegas Sands shelves projects

Company seeks $2 billion to stay afloat

As expected, Las Vegas Sands has joined the list of casino companies that are delaying resort projects and cutting costs in response to the downturn.

During a conference call today to discuss third quarter earnings, executives said the company would indefinitely delay construction of its St. Regis-branded condo tower underway on the Strip and temporarily suspend under-construction hotels on the Cotai Strip in Macau, China, including a Shangri-La/Traders and Sheraton towers and three casinos."


full article:
Las Vegas Sands shelves projects - Las Vegas Sun
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Old 11-11-2008, 09:24 AM
 
Location: Beautiful Upstate NY!
13,813 posts, read 28,529,332 times
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Sort of like being able to surrender a bad hand at a blackjack table?
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Old 11-11-2008, 11:27 AM
 
Location: Here and there, you decide.
12,908 posts, read 28,030,032 times
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the thing is, this is happening everywhere.... i have a car dealership in cleveland (houses in cleveland and vegas) and we are at a dead standstill... went from 30 cars a month to so far in november 0... we cant take them to the auction, (would get crushed) and no one is buying.... the banks are turning away 740 scores here.
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