Las Vegas Sands and Venetian are in Bankruptcy trouble! Las Vegas Sands faces Bankruptcy risks after it defaults today. The Las Vegas Sands stock fell today to their worse levels since going public.

Weeks ago, VEGASLATE reported Las Vegas Sands stocks had fallen 29% on worries about Sands capital under Sheldon Adelson. Adelson’s family has put into Sands reportedly “$475 million … to strengthen its capital this month and help prevent it from tripping a U.S. loan covenant.”

But today Bloomberg is reporting:

“Las Vegas Sands Corp., billionaire Sheldon Adelson’s casino company, fell the most in New York trading since going public after saying it may default on debt and face bankruptcy. The casino owner, which had $8.8 billion in long-term debt at the end of June, said in a regulatory filing today that it probably won’t meet the requirements of loans”

Shares tonight are at $3.81.

But some analysts say the news will get better:

“Sheldon still has considerable resources, and we doubt he will sit on the sidelines and watch LVS go bankrupt,” says Robert LaFleur at Susquehanna Financial Group LLLP “The question is how much dry powder does he have, and what can he do?”

The Sands owns the Venetian and Palazzo in Las Vegas and are building a $12 billion complex in Macau, China, $4 billion Marina Bay Sands in Singapore and $800 million Sands Bethworks in Bethlehem, Pennsylvania.

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A warrant for the arrest of Mos Def has been issued. A Las Vegas arrest warrant is out for Mos Def concerning Volker Corell events. Volker Corell claims Mos Def at MAGIC acted improperly.

Here is the latest.

Las Vegas police have issued an arrest warrant for Mos Def, real name Dante Terrell Smith, for an alleged attack of official photographer Corell at MAGIC in August.

The reported charges – felony robbery and malicious destruction of private property. The alleged actions is ripping Corell’s camera off his neck, smashing it, and then taking off with it.

No comment by Mos Def.

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