Las Vegas Sands may be selling casino in Macau
Hoping to stave off bankruptcy, Las Vegas Sands is rumored to be mulling over a sale of the Sands Macao, its first casino in Macau in 2004.
They would still run the casino, but the building would be sold for $1.3 billion. It originally was built for $240 million and was entirely paid off within 1 year.
The rumor was spread by the Hong Kong newspaper South China Morning Post.
LV Sands also owns The Venetian and Four Seasons in Macau, along with The Venetian and Palazzo in Las Vegas.
The company, which declined comment on the sale, closed today at $6.91 from a 52-week high of $77 (and before then, a high of $122).
