from yesterday's Business Week (10/22):
Las Vegas Sands gets OK on apartment-hotel sales
"Las Vegas Sands Corp. said Wednesday that the Asian gaming enclave of Macau has approved the legal separation of its Four Seasons apartment-hotel tower from the rest of the parcel, clearing the way for the sale of cooperative interests in the units and an on-site mall.
The hotel and casino operator, which operates The Venetian resorts in Las Vegas and Macau, said the apartment-hotel will be transferred to a separate cooperative holding company.
Las Vegas Sands Chief Executive Sheldon Adelson said sales of the co-op units and the luxury mall would lower the company's debt burden or provide funding for future projects.
Analysts have said that the company is seeking to refinance $3.3 billion of debt and raise $2 billion for its projects in Macau." ...
for the complete story
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