LYCOS RETRIEVER 
Vegas: Las Vegas Sands
built 294 days ago
Rising from the ashes of the bulldozed Sands Hotel, the Venetian Casino Resort (owned by Las Vegas Sands) brings a touch of Venice to the Las Vegas Strip. Replete with gondoliers and a replica of the Rialto Bridge, the Venetian offers a 120,000-sq.-ft. casino and a 4,000-suite hotel, as well as a shopping, dining, and entertainment complex. Las Vegas Sands ... operates the Congress Center conference facility that links the casino to the nearby Sands Expo Center trade show and convention center. In addition, the firm operates The Sands Macao casino in China, and it is building The Palazzo Casino next door to the Venetian. Chairman and CEO Sheldon Adelson and trusts for his family own some 69% of the firm.
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LAS VEGAS, Jan. 4 /PRNewswire-FirstCall/ -- Las Vegas Sands Corp. announced today that the company has entered into a credit agreement which provides financing of up to SGD $5,442,604,530 for the development of the Marina Bay Sands in Singapore. Borrowings under the credit agreement will bear interest at a spread of 2.25% above the Singapore Dollar SWAP Offer Rate for a selected maturity of one, two, three or six months. The current Singapore Dollar Swap Offer Rate for a maturity of three months is approximately 2.16%.
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The Palazzo, is a stand-alone resort currently being built by Las Vegas Sands Corp. (NYSE: LVS) in the heart of the famed Las Vegas Strip. When combined with the neighboring Venetian and Sands Expo and Convention Center, The Palazzo will give the company the largest hotel and convention complex in the world. In addition to JERSEY BOYS, the $1.8 billion Palazzo will feature more than 3,000 all-suite rooms and offer its new shopping, dining and entertainment on two luxurious levels. The 450,000-square-foot retail space, The Shoppes at The Palazzo(TM) will be highlighted by Barneys New York and connected to The Venetian via The Grand Canal Shoppes. It will house approximately 60 high-end and mid-level stores from the most recognizable brands to the hottest newcomers and unique one-of-a-kind boutiques drawn from all over the world. Additionally, The Palazzo will offer a variety of new restaurants from renowned chefs, many of whom are not yet featured in the Las Vegas area.
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Las Vegas Sands Corp. President William Weidner stated, "We are pleased to have completed this important financing for our Marina Bay Sands development. The completion of this Singapore Dollar-denominated facility, which is the largest private Singapore Dollar-denominated financing in Singapore's history, was accomplished on very favorable terms in a challenging global credit environment.
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