Las Vegas Sands removes going concern language
Las Vegas Sands Corp. told investors this morning that its auditors have removed the 'going concern' language from the casino operator’s financial filings.
The company and its auditors now believe its has enough liquidity and capital resources to fund ongoing operations and fulfill its new development plans.
On Friday, Las Vegas Sands completed an offering of common stock, preferred stock and warrants that provided about $2.1 billion of additional capital.
The Las Vegas-based casino operator's independent accountants, PricewaterhouseCoopers LLP, said in a filing with the Securities and Exchange Commission that the actions taken Friday have helped to erase worries about the company's ability to continue to operate.
