Page last updated at 12:32 GMT, Thursday, 9 July 2009 13:32 UK

Sands chairman backs share sale

The world's biggest casino operator is considering a huge share sale after a run of bad luck.

Las Vegas Sands wants to raise up to $4bn to help it complete its latest Macau project and open two resorts in Singapore next year.

Its chairman, Sheldon Adelson, has already sunk hundreds of millions of dollars of his own cash into the firm to prevent it breaching its bank loan agreements.

But he told the BBC's Sharanjit Leyl he believes this is not a gamble.


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