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| Sands to stop loan plan for Macao expansion |
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| Because of the financial crisis |
Due to the worldwide economic crisis, Las Vegas Sands has been forced to end plans to raise 5.25 billion dollars in loans in order to continue with its expansion strategy in Macau. According to sources, the giant gaming operator decided to drop plans following the lack of interest among lenders.
Apparently, the company will hold plans until numbers look bright again and they can elaborate a new scheme with a new shape and a new amount, maybe next year. Tycoon Sheldon Adelson recently put forward a proposal to raise 7 billion dollars, but later dropped the number to 5.25 billion. |
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| Canadians bet 13.6 billion in 2007 |
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| Wagers have increased since 1992 |
It was revealed this week that during 2007 Canadians spent five times more money on bets than they did 15 years before. The report prepared by Statistics Canada shows that residents of the Prairie Provinces were the ones that spent the most on wagers. On average, each Canadian spent $524 on gaming.
Profits from casinos, lotteries, slot machines and lotto rose to $13.6 billion in 2007, $10.9 billion more than in 1992 and $3 million more than in 2006. The highest bets were registered in Alberta, $890 per capita, followed by Saskatchewan and Manitoba. |
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