Rochester, NY 7/15/2009 12:08:52 AM
LVS - Las Vegas Sands Talks Up Macau Deals
Las Vegas Sands Corp., LVS
Las Vegas Sands Corp., LVS
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When I read about a possible IPO of Las Vegas Sands Macau operation, I couldn't help but think of The Producers, the 1968 Mel Brooks film and, later, a Broadway musical. In the Mel Brooks incarnation, a theater producer named Max Bialystock tries to make money by creating a flop. Las Vegas Sands chairman and CEO Sheldon Adelson is trying to avoid a balance-sheet flop by raising funds and/or selling assets. Bialystock sold more than 100% of the shares in his theater production, which he expected to fail. Adelson isn't selling that much; he wants his production to succeed
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