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Sept. 21 (Bloomberg) -- Las Vegas Sands Corp.’s board is
“seriously considering” paying a dividend as early as next
year as growing cash from Macau and Singapore exceeds the casino
company’s needs for potential expansion in Asia and Europe.
The board also is mulling share buybacks after setting
aside enough cash to fund at least 30 percent equity in future
casino resort opportunities, Chairman and Chief Executive
Officer Sheldon Adelson said in an interview with Bloomberg
Television’s “InsideTrack.” Cash is growing at a rate that
would equal Las Vegas Sands’ debt by the end of 2013, he said.
Adelson, who predicted in May that his company would
generate more than $3 billion in cash flow this year as gambling
in Asia accelerates and Las Vegas recovers, said earnings before
interest, taxes, depreciation and amortization may
“substantially exceed” those expectations if “reliability and
predictability” continue. The company’s Singapore resort,
Marina Bay Sands, is on schedule to earn “close to” the $2
billion in Ebitda that some analysts have forecast, he said.
“seriously considering” paying a dividend as early as next
year as growing cash from Macau and Singapore exceeds the casino
company’s needs for potential expansion in Asia and Europe.
The board also is mulling share buybacks after setting
aside enough cash to fund at least 30 percent equity in future
casino resort opportunities, Chairman and Chief Executive
Officer Sheldon Adelson said in an interview with Bloomberg
Television’s “InsideTrack.” Cash is growing at a rate that
would equal Las Vegas Sands’ debt by the end of 2013, he said.
Adelson, who predicted in May that his company would
generate more than $3 billion in cash flow this year as gambling
in Asia accelerates and Las Vegas recovers, said earnings before
interest, taxes, depreciation and amortization may
“substantially exceed” those expectations if “reliability and
predictability” continue. The company’s Singapore resort,
Marina Bay Sands, is on schedule to earn “close to” the $2
billion in Ebitda that some analysts have forecast, he said.