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Old 03-16-2013, 06:35 PM
 
11,899 posts, read 12,358,867 times
Reputation: 6458
January 17, 2013 Wall Street supports sale of Sands casino in Pennsylvania

Las Vegas Sands might be looking for additional funding to pursue a $4 billion to $5 billion casino development in either Toronto, Spain or Japan. Shares of Las Vegas Sands closed at $52.22 Friday, up 34 cents, or 0.66 percent, on the New York Stock Exchange.

The Bottom Line is that the highest ranking casino in Pennsylvania is still a poor cousin to the huge money to be made in international casinos. The sale of the casino would simply generate some cash which would reduce borrowing requirements. BTW, the huge casino in Vegas is also no longer the bright and shining star, but the odds of finding a buyer for that complex is pretty unlikely.

Obvious potential buyers include the owners of the other PA casino (Penn National, PARX, Mohecan Sun) or Foxwoods from CT or even Ceasars Inc (owner of Harrah's brand like the racino in Chester).
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