June 16, 2012 |
It is only fitting that the Right Online conference, a project of the Americans for Prosperity Foundation, should hold its conference for political bloggers in the Sands Expo, a huge meeting and convention facility next to The Venetian hotel casino here on The Strip. After all, the corporation that owns both entities, Las Vegas Sands, is owned by billionaire Sheldon Adelson, a Republican who has turned the 2012 presidential campaign into something of a personal sandbox. “I know the left hates guys like Sheldon Adelson and David Koch,” Americans for Prosperity President Tim Phillips said as he welcomed the bloggers Friday to their two-day conference, which he said was designed as a counterpoint to the left's Netroots Nation gatherings.
June 2, 2012 |
Over the last 23 years Sheldon Adelson has built Las Vegas Sands Corp. into the world's largest casino company — bigger than the next 10 competitors combined. He's done it without having a single one of his 40,000 workers in Las Vegas, Asia and Bethlehem, Pa., join a labor union. Now a band of security guards making $13 an hour may be on the verge of ending the world's 14th-richest person's winning streak. The National Labor Relations Board has ordered Sands Casino Resort Bethlehem to begin bargaining with its 130 security guards as a labor union.
February 2, 2012 |
On a Strip packed with colorful, sometimes controversial gambling titans, Sheldon Adelson plays politics a little differently from the rest. The casino barons are a mostly pragmatic bunch, shifting campaign donations to favor the party in power. Not Adelson, the chief executive of Las Vegas Sands, whose family almost single-handedly funded the revival of Newt Gingrich's Republican presidential bid. Other executives may have sidestepped the risk of becoming campaign fodder. Adelson thrust himself into the race last month when he and his wife gave $10 million to a "super PAC" supporting Gingrich.
April 22, 2009 |
Casino companies Wynn Resorts Ltd. and Las Vegas Sands Corp. each say they have amended their debt agreements to get more breathing room as they repay billions of dollars. Wynn Resorts said its new agreement waived certain covenants until June 2011 and extended to July 2013 the maturity on $610 million of its remaining $697 million in revolving credit. The Las Vegas company said that in exchange it had agreed to a higher overall rate on the debt. Las Vegas Sands said in a regulatory filing that the new agreement it reached with lenders would let it buy back up to $800 million in debt.
November 18, 2008 |
Las Vegas Sands Corp. said Monday that doubts about its ability to continue as a going concern were removed after the completion of an offering of common stock, preferred stock and warrants provided about $2.1 billion of additional capital. The Las Vegas-based casino operator's independent accounting firm, PricewaterhouseCoopers, said in a filing with the Securities and Exchange Commission that the actions taken Friday helped to erase worries about the company's ability to continue to operate.
November 12, 2008 |
Las Vegas Sands Corp. has priced a public offering of 181.8 million common shares at $5.50 each in a move to raise $1 billion. It also is selling preferred stock and warrants to the family of Chief Executive Sheldon Adelson, as the troubled casino operator struggles to avoid defaulting on $5.2 billion worth of debt. In addition, the Las Vegas company is selling nearly 5.2 million preferred shares and warrants to buy 86.6 million common shares at $6 each. A unit of one preferred share and one warrant to purchase about 16.7 common shares is priced at $100 each.