Financial Times FT.com

Sands IPO aims to resurrect Macao ambitions

By Tom Mitchell in Hong Kong

Published: November 16 2009 02:00 | Last updated: November 16 2009 02:00

Las Vegas Sands' $3.35bn Hong Kong initial public offering, which launches today, will enable the company to restart projects frozen one year ago in Macao, restoring its fortunes in the world's largest gaming market, its chairman says.

The global offering by Sands China, which operates three casinos in the Chinese special administrative region, caps a remarkable comeback for Sheldon Adelson, the self-made billionaire chairman and son of a Boston taxi driver.

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