Sands Raises Liquidity by Selling Retail Malls

MACAU -- As reported by the Macau Daily News: "Las Vegas Sands Corp (LVS) is going to sell the retail malls in Macau as prompted by its falling profit, which the company said was attributed to
The Sands Macau  higher junket commissions and lesser high end players.

"The company yesterday announced its 2008 fourth quarter earnings during a telephone conference from Las Vegas, which was followed by a press conference chaired by Asia President Stephen Weaver and Executive Vice-President Brad Stone at the Venetian Macao Resort Hotel. While LVS' earnings in Las Vegas for the last three months of 2008 dropped by 16 percent to US$89 million US dollars when compared to the same period of 2007, the operation in Macau also registered a decline in income despite their hotel occupancy and visitation to their properties remained strong..."