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By Chip Brian, SmarTrend Analytics Team
11/8/2009-According to a Reuters report Las Vegas Sands (NYSE:LVS) is looking to raise up to USD$3.35 billion through an IPO of its Macau business. The report, which cites unnamed sources familiar with the matter, said Las Vegas Sands is selling 1.87 billion shares at a price range of $10.38 - $13.88 (USD). If Las Vegas Sands is successful, it would be double what Wynn Resorts (NASDAQ:WYNN) raised in a similar move made earlier this month.
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