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Article: Las Vegas Sands says going concern doubts removed
- Article from:
- AP Worldstream
- Article date:
- November 17, 2008
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Las Vegas Sands Corp. said Monday that doubts about its ability to continue as a going concern have been removed after the completion of an offering of common stock, preferred stock and warrants provided about $2.1 billion of additional capital.
The Las Vegas-based casino operator's independent accountants, PricewaterhouseCoopers LLP, said in a filing with the Securities and Exchange Commission that the actions taken Friday have helped to erase worries about the company's ability to continue to operate.
Las Vegas Sands also said it reissued 2007 financials and now feels it has enough liquidity and capital resources to fund ongoing operations and fulfill its new development ...