Shares of Las Vegas Sands have fallen more than half their value during this tumultuous year, putting them at risk of breaking their loan agreements. Chairman and majority shareholder Sheldon Adelson used personal and family funds to privately purchase convertible senior notes. The private deal ensured more favorable terms than were possible in the public credit market given the current credit crunch. 파워볼사이트
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 third richest person in the world by Forbes. Now, he is down to No. 15 on Forbes magazine's list.
Adelson has always maintained that Las Vegas Sands will continue its huge expansion plan and that "our strategy is still alive." There are three projects in progress: $12 billion for Macau, $4 billion for Singapore, and $800 million for Bethlehem in Pennsylvania.