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Las Vegas Sands

Sands Credit Rating Cut To Junk Bond Status

Experts Cite High Debt, Negative Revenue Trends

POSTED: 10:28 pm PST November 12, 2008
UPDATED: 10:37 pm PST November 12, 2008

An investor service has cut the Las Vegas Sands Corp.'s credit rating to junk bond status.

Financial experts said the company's high debt load and negative gaming and revenue trends in Las Vegas are to blame.

The Sands Corp., which owns the Venetian and the Palazzo, now plans to halt construction in Macau, Pennsylvania and Las Vegas.


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