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Las Vegas Sands to Perform IPO in Hong Kong

October 30, 2009

Casino operator Las Vegas Sands on Friday announced that it has received approval from the Hong Kong Stock Exchange to list shares of its Macau casino business there. This paves the way for Las Vegas Sands to perform an initial public offering on the market, where it is expecting to raise $2 billion to help pay down debt and revive its gambling resort project in Macau, located an hour's ferry ride from Hong Kong.