Las Vegas Sands corporation has announced that it has formally applied to the Hong Kong Stock Exchange for a listing on the main board of the Asian stock Market. Many details including the timing and terms of the initial public offering are still to be finalised but its application puts a lot more progress into helping the Sands corporation improve its financial position.

JPMorgan gaming analysts have predicted that Sands could raise up to $2billion by offering up to 30 percent equity in the Macau casinos to back the IPO. The IPO is set to allow Sands to resume construction of more hotels and casinos along Macau's Cotai Strip which are currently on hold due to financial problems.

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