Published:
Mall at Marina Bay Sands may be sold as early as 2013
The potential sale could be worth as much as $4 billion.
A report in Reuters quoted Las Vegas Sands president and chief operating officer Micheal Leven as saying, ""We did over a billion dollars in our first year in EBITDA. We expect that to grow. I think a four-to-five year payback in that situation, anybody would be happy with that return on investment.”
Leven continued, “We should do that very easily without even selling an asset like our mall, which we expect to sell maybe in 2013 or 2014, which can provide as much as $4 billion back for our $6 billion investment just on the mall alone."
View the full report here.
Read Here
Advertise
Sign Up
