Las Vegas Sands Extends $3.3 Billion Loan over 8 Different Banks

With the efforts by the Las Vegas Sands Corporation to expand its Las Vegas hotel and casino business into international areas, it has run into a small snag with the procurement of enough cash to complete the project.  With the recent effort to secure more money, the Las Vegas Sands Corporation has reached out to eight different lending institutions in an effort to come up with the $3.3 billion that is required to complete the construction of the Marina Sands Casino in Singapore.  The effort to continue building in international markets by the Las Vegas Sands Corporation indicates that the venerable Las Vegas hotel and casino operations company does not have strong faith in the United States market as a source of ongoing revenue, with its declining real estate market and slump in the amount of new houses being built in recent years.  As the venerable purveyor of Las Vegas shows and Las Vegas attractions moves on to more beneficial climates, there is no less indication of strength in the traditional Las Vegas shows and Las Vegas attractions that populate the Las Vegas strip, many of which are also funded and sponsored by the Las Vegas Sands Corporation through various holding companies.

With the emphasis on the international community to host the various projects that the Las Vegas Sands Corporation has invested itself into, as well as the online poker room and casino effort that they have initiated in the European market, the Las Vegas Sands Corporation has made it perfectly clear that the effort to earn on an international stage would not likely be hampered by any economic downturn in the United States market and that the strength of their organization will be based on diversification more so than their dependence on domestic revenue.  The loans that have been taken out to continue construction total $3.3 billion and will be funded by a combination of multiple banks due to its incredible size.  Considered to be the largest syndicated loan ever arranged in local Singapore currency, the amount of liquid cash available in the market is solely predicated on the recent loosening of international trade restrictions and the reduction of the interest rate on the sub prime market by the Fed, allowing for these types of liquid cash arrangements between multiple banks and institutions that fuel foreign and local economy equally.

As the Las Vegas Sands Corporation continues to expand into international markets, it remains to be seen if the popularity of Las Vegas shows and Las Vegas attractions can retain their draw on the domestic market.

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