Sands Casino In Pennsylvania Set To Open

Reader Comments (Page 1 of 1)

3-07-2009 @ 1:18PM

SnozzWanger said...

WRONG.
Let's try this again, no? Adelson did /not/ say they would avoid debt default by "...selling two retail malls at the Venetian Macau resort and the Four Seasons hotel in Macau."

Aadelson /did/ say it would include"...the sale of two retail malls and increased business in Macau". That increased business part is key- only 25% of the sale proceeds can leave Macau, so for any significant company-wide financial impact to be achieved, Sands has to cut costs (up-keep & staffing of those malls) and increase revenue; the asset sales in Macau won't really help (again, company-wide).

BTW- is SteelStax the name of the National Museum of Industrial History, or is it the arts and cultural center, or is it both (in which case how weird is it to have a PBS station inside a museum of Industrial History?)?

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