Las Vegas - Las Vegas Sands Bankruptcy?

Nov. 6 (Bloomberg) -- Las Vegas Sands Corp., billionaire Sheldon Adelson's casino company, fell the most in New York trading since went public after saying it may default on debt and face bankruptcy.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aws07wpBjjZI&refer=worldwide

Hmmm... I was going to the V in just a couple weeks. Maybe I'll make a backup reservation somewhere else just in case...

Hmmm... I was going to the V in just a couple weeks. Maybe I'll make a backup reservation somewhere else just in case...

I wouldn't worry about it, casinos (airlines etc. etc.) operate under bankruptcy protection all the time. Just ask Mr. Trump, he's managed to operate casinos for years; in and out of bankruptcy. :p:p

http://www.ratevegas.com/blog/2008/11/rj_las_vegas_sa.html

"A default could potentially lead to other action such as bankruptcy, though the company did not use that term in its filing."

discussion follows.

I wouldn't worry about it...

I agree. Lots of examples of casinos who've operated under bankruptcy protection. No back up reservation needed... the Venetian and Palazzo will be there when you arrive. :D

FWIW, I follow Las Vegas Sands (the hotel's parent company) closely and I am very doubtful they will file ch. 11. In fact, the wires had a story tonight, after the markets closed, that an inside source says financing news will be announced next week. Probably no coincidence that on Dec 1 they are getting a new CFO as well.