| |
| |
Las Vegas blog: casino games, business, university. Las Vegas guide, Las Vegas lifestyle: Saturday, August 14, 2004 |
 | | The company, which owns The Venetian in Las Vegas and the Sands Macao and is controlled by developer Sheldon Adelson, announced Friday it is working on plans for an initial public stock offering to finance the Palazzo, the new resort's working name. |
| | "The stock offering is significant because it will enable Sheldon (Adelson) to show the success he's had on a monetary basis and will give him the currency to make acquisitions in the future," Zarnett said. |
| | Other analysts who asked not to be named said Wall Street is in love with independent entrepreneurs such as Adelson and that investors prefer companies with proven cash flow, which Wynn Resorts still doesn't have. |
| www.askwinner.com /lasvegas/2004_08_14_archive.html (3431 words) |
|
