Sands gaming group to stake US$2.5 billion more on Macau

Gaming mogul Sheldon Adelson's Las Vegas Sands plans to stake US$2.5 billion in new investment to expand its growing gambling empire in Macau.

The new project, to be called The Parisian, will be located on Cotai and developed by Sands China - the Macau unit of Las Vegas Sands.

"We will finance the project with about a billion dollars of equity and will raise the rest of the funding from international banks," group president and chief operating officer Michael Leven said. No further details were available.

via Business feed http://www.scmp.com/business/china-business/article/1041896/sands-gaming-group-stake-us25-billion-more-macau