Casino firm remains silent on report of Macau sale
Posted by Epiphany Solutions on 30 Apr 2009 at 10:04
A major casino firm is refusing to comment on claims published in a Hong Kong newspaper that it could be selling a venue on the Chinese island of Macau.
The Associated Press says Las Vegas Sands has remained tight-lipped on a story in the South China Morning Post which said the Sands Macao is to be sold in a lease back arrangement of $1.3 billion.
The agency said spokesman Ron Rees in Las Vegas said the company would not be commenting on the report.
He also said the owner of the Sands, which also runs the Venetian and Four Seasons properties in Macau, has in the past said it has been approached by investors keen to buy into its projects in Macau.
Unnamed sources were cited in the South China Morning Post story on the Sands Macao, which was first built in 2004.
