Thursday, November 6, 2008

Las Vegas Takes a Fall

http://money.cnn.com/2008/11/06/news/companies/lasvegas_sands.ap/index.htm?postversion=2008110614
In a filing with the Securities and Exchange Commission, Las Vegas Sands said it expects to miss certain borrower obligations for the fourth quarter which ends on Dec. 31, and potentially afterward. If that happens, lenders would be able to demand their money sooner.

My Response: If the economy couldn't get any worse, Vegas is on a down hill. The one place families and friends go to try and win money, or even just to get away. Vegas has estimated that they will be able to earn enough profit by the end of the year to pay their debts. Hopefully they have a good team of leaders behind them to organize their finances.

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