Casino Group Chairman Makes Further Investment

Casino firm Las Vegas Sands continues marching forward despite the global economic problems.

Las Vegas Sands' strategy remains "alive and well" despite the current financial crisis being experienced all over the world, according to the casino group's chairman, chief executive officer and principal stockholder Sheldon Adelson.

Mr Adleson has claimed that the gambling company continues to move forward despite this time of economic meltdown.

His comments come after the firm revealed that its chief and his family have invested a further $475 million (£269 million) into the business.

"My family and I are pleased to make an additional investment in Las Vegas Sands as the company advances its development plans both domestically and around the globe," explained Mr Adelson.

The cash injection was made in convertible senior notes during a private transaction.

Las Vegas Sands owns The Venetian Resort Hotel Casino and the Sands Expo and Convention Centre in Las Vegas, and Venetian Macao in Asia.