Chief Executive Officer Sheldon Adelson has signalled that the Las Vegas Sands Corporation will be looking to raise new capital to restart construction of several casinos on Macau’s Cotai Strip. His announcement was made overseeing the finishing of the three 55-story hotel towers at Marina Bay Sands in Singapore.

Of the different financing options available, an initial public offering through Hong Kong’s financial markets would be able to raise the necessary funds to restart construction. With several casinos in Macau, including The Venetian Macau, development was halted in Macau after the company ran into financial trouble due to the global recession and crashing credit markets. The Cotai strip is the centrepiece of the whole Sands project in Macau with more than 20,000 hotel rooms drafted in its plans.

An IPO would allow the company to also service some of its US based debts to help the company remain solvent. With Sand’s Singapore project due to open early 2010, Sands will have both Macau and Singapore casinos to build new revenue streams for the US based gambling company. Although optimistic in nature, obstacles like delays in construction materials amongst financial issues continue to slow down what looks to be a spectacular finish.

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