70 gaming
In terms of financing its Cotai Strip ries about fierce competition on the Las The company also said it believes that
projects, LVS said recently that it has Vegas Strip and added that “certain [US] when general economic conditions im-
capitalised an aggregate of US$5.3 bil- states have legalised, and others may le- prove, an expanding Chinese middle
lion in construction costs as of Decem- galise, casino gaming in specific areas. class will eventually lead to increased
ber 31, 2008. However, the company The continued proliferation of gaming travel to Macau and generate increased
said it is necessary to arrange additional venues could significantly and adversely demand for gaming, entertainment and
financing to fund the balance of its Cotai affect our business,” said LVS. resort offerings.
Strip developments. For its Macau operations, instead,
“And there is no assurance that we the company said it believes the city WYNN – fear and hope
will be able to obtain any of the addition- might become an even more desirable
al financing required,’’ the group said. tourist destination as new facilities and Like the two previously mentioned
Also, Las Vegas Sands revealed wor- standards of service arrive in the city. gaming giants, Wynn (NASDAQ:WYNN)
Las Vegas Sands (NYSE:lVS) Wynn (NaSDaQ:WYNN)
Share value Share value
(US$) (US$)
Sources: NYSE, Google Finance Sources: NaSDaQ, Google Finance
MGM Mirage (NYSE:MGM) Melco Crown (NaSDaQ:MpEl)
Share value Share value
(US$) (US$)
Sources: NYSE, Google Finance Sources: NaSDaQ, Google Finance
SJM (HKSE:0880) Galaxy (HKSE:0027)
Share value Share value
(US$) (US$)
Source: Hong Kong Exchanges and Clearing Source: Hong Kong Exchanges and Clearing
april 2009MarCH 2009
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