LVS will announce a secondary by the open or close Monday. Sheldon pulling out "logistical complications" is a clear indication that it will happen seeing how it would be in the firms (and his interest) for him to attend and pump up the financial "strength...more like weakness" of the firm. We see how strong LVS has been around $10 and we know how MGM was trading before it announced the offering (priced 40% below closing price that day) LVS has no other choice but to take such action since an IPO of their Macau assets will take too long (HK IPOs much longer lock up period than in U.S, also will only be able to sell 20-30% of stake, not enough capital prob up weak financials PLUS too long to bring to market!!!) and because they know you LVS lovers/traders will eat it up as if dilution is a good thing. Who cares that their new casino an hour and 45 min North of NY in the middle of know where had a good opening. Attendants said they would not go there to gamble unless it was a special occasion. To far away and we know consumers will not stray far from closer venues (look at ASCA article in IBD today)
http://finance.yahoo.com/news/Regional-Casinos-Shine-While-ibd-15377998.html?.v=1
They could not sell off assets in past because Bids too low so no other way to raise capital other than flooding the mkt with more shares. If you can’t see the logic then you yourself should get out of the mkt and go gamble away your savings at the casino. You’ll save the commission and they may even comp you a room. After all they have tons of vacant inventory. 50/50 chance.
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