Struggling casino operator Las Vegas Sands Corp. said it suspended several projects and had deals to raise $2.14 billion in new capital, including new funding from its billionaire chief executive, Sheldon Adelson.
The statement, amid worse-than-expected third-quarter results, came after the company said it might breach lending conditions Dec. 31 and default on $5.2 billion in credit facilities secured by its Las Vegas operations.
Analysts said the funding eased worries that the company would go bankrupt.
The company lost $32.2 million, or 9 cents a share, for the quarter, compared with a loss of $48.5 million, or 14 cents a share, a year earlier.
Revenue rose 67% to $1.11 billion.