November 6, 2008. Reports that Sands' stocks had tumbled precipitously from a high of US$123 to $7 rocked the gaming industry. The company announced that it was in dire need of fresh capital without which it expected "to miss certain borrower obligations." In simple English, it would go bankrupt.
And a bankrupt LVS "would need to immediately suspend portions, if not all, of our ongoing global development projects and consider other alternatives.''The strategy worked. Alarm bells went off in Singapore and Government officials were at the table with LVS faster than one could say "Bankrupt!"
-when the economy is plumetting all the way south, all the govn can do is to 砸钱on gambling? haiz....
sc2214 really makes me wake up...
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