Cheap Tickets, Discount Airfare, Cheap Cruises, Hawaiian Vacations, Las Vegas Vacations or Cancun Vacations. – Travel
Cheap Tickets, Discount Airfare, Cheap Cruises, Hawaiian Vacations, Las Vegas Vacations or Cancun Vacations.
Mike Yeager
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About The Author
Mike Yeager
Publisher
http://www.a1-travel-4u.com/
mjy610@hotmail.com
Las Vegas Sands Corp. is IPO of the year – Casino
Las Vegas Sands Corp. is IPO of the year
Iulia Pascanu
Sheldon Adelson, founder and owner of Las Vegas Sands LVS, won $690 million on December 15 2004, in the most profitable initial public offering IPO in the American gaming industry.
Las Vegas Sands is the company that owns the Venetian Hotel & Casino on the Las Vegas Strip and Sands Resort in Macau, a former Portuguese colony, nowadays reinstated to China.
The company sold nearly 24 million shares, that sum as little as 6.8 percent of LVS. According to some financial analysts, being such a tiny percent, it certainly put a pressure on the price, that went up 60%. "Todays price was a matter of supply and demand," said John Futrell of Futrell Financial Management on Wednesday. "Too little supply and a lot of demand. The fact that so few shares were available influenced the price."
LVS set an opening price of $29 per share Tuesday evening; it is probably worth mentioning that bankers involved in the sale prophesied an initial price between $24 to $26, prior to the IPO. However, the stock priced at $36.01 when the market opened and reached a high of $49.45 by 1 p.m. EST, when it started to scale back.
This was a record gain for American IPOs this year and the best since Jet Blue in May 2002, that surged 67%.
LVS Chairman Sheldon Adelson, 71, owns an 87.9% slice of the company, while company managers and directors share together 5.3 %.
The money are to be invested in the development of The Palazzo - a $1.6 billion Beverly Hills-themed resort, additional to the Venetian and a $1.8 billion Venetian-style casino/resort in Macau. Palazzo will feature 3,000 suites and double the size of Venetians casino and retail space.
The Venetian is one of the most famed Strip locations, built by Sheldon Adelson on the former site of Sands Hotel and Casino, home of the fabulous Rat Pack boys in the sixties.
Sands Resort in Macau has 329 table games and about 670 slot machines or similar gaming devices. The company plans to build a hotel and convention center with 3,000 suites, 546,000 square feet of gaming facilities and 1 million square feet of gross retail space.
Macau tends to become the leading gaming destination in the world, with the Chinese government recently loosening travel restrictions in Macau and the Asians having such a natural attraction for gambling.
About The Author
Iulia Pascanu writes for http://www.bestlasvegashotels.info where you can find more information about the best hotels in Las Vegas.
Please feel free to use this article in your Newsletter or on your website. If you use this article, please include the resource box and send a brief message to let me know where it appeared; mailto:iuliap@gmail.com
Las Vegas & The Movies – Casino
Las Vegas & The Movies
Iulia Pascanu
Sunny Las Vegas hosted hundreds of movies or movie-scenes. Some of them got the Oscar. Others got lost on the way. But Vegas surely remains a classic attraction for film-makers since the glory of the Rat Pack days.
To be completely fair, the early 60s werent really the first screen action days in Las Vegas. Frank Sinatras first movie, Las Vegas Nights was set back in 1941. However, the Rat Pack Days are always a good point to start.
The Rat Packs
Five gentlemen in Las Vegas: Sammy Davis Jr, Peter Lawford, Dean Martin, Joey Bishop and Frank Sinatra. Good friends. Loved to party. And of course, they had their own favourite place to hang out, that was Sands Hotel and Casino in Las Vegas which was demolished in 1996, nowadays the site of the Venitian.
The Rat Pack Days begun in late 50s, somewhat as a reaction to the Cold War early days; the guys came up with the ideea of having their own "summit of cool" in Las Vegas; it lasted seven years. As the Sands performing scene wasnt enough for them, the mighty five moved further to movies and recordings.
The seven years brought out seven films: Some Came Running, Oceans 11, Sergents 3, 4 For Texas, Robin and the 7 Hoods, Marriage on the Rocks, and Cannonball Run II. Oceans 11 1960 is the most famous one, and also benefited from a modern remake 2001, starring George Clooney, Brad Pitt and Julia Roberts. The action in new Oceans 11 involves robbery scenes at Bellagio. The Rat Pack, released in 1998 for cable TV, includes scenes from The Sands.
The King
The good old days gave us the classic Viva Las Vegas 1964, featuring Elvis Presley, who sings his heart out for the beloved "sin city".
Later, in 1970, the King starred a documentary filmed at the International Hotel, nowadays Las Vegas Hilton Elvis: Thats the Way It Is.
The 1979 Elvis, a memorabilia to The King, stars Kurt Russell. The story goes on in 1988 with Elvis and Me, inspired by Priscilla Presleys autobiography. The 1995 BBC documentary The Burger and the King: The Life and Cuisine of Elvis Presley seems to have closed the Elvis & Las Vegas series, up to this moment.
Casino
This one, released in 1995, is the classic. It approaces "sin city" the way nobody dared before. The story is based on the almost fabulous life of Frank Rosendhale impersonated by Robert de Niro, the best handicapper of all times, and his beautifull wife Gery impersonated by Sharon Stone. Las Vegas made them rich and television made them famous.
"Casino" hit the box-offices, but Frank said director Martin Scorsese brought the spotlights on his own chopped vision of Las Vegas; blamed him that he was not really interested to either understand casinos or be faithful to the real story; thus, Frank Rosenthale would have told it differently.
The Winner
Las Vegas footage has proven a good luck charm for Francis Ford Coppolas famous nephew, Nicholas Cage. He started with Honeymoon in Vegas in 1992, grabbed an Oscar on the road with Leaving Las Vegas and made a come-back with Con Air in 1997; literally, Nick Cage forced his landing on the Hard Rock Hotel guitar...
Just another subjective list
1971 - Diamonds Are Forever, from the James Bond Sean Connery series
1974 - The Godfather Part II
The Rocky series parts III and IV included brief glimpses from Las Vegas
1987 - Heat, 100% Las Vegas made, starring Burt Reynolds
1988 - Rain Man, with Dustin Hoffman, action set mostly inside Caesars Palace
1991 - Bugsy, the story of Bugsy Siegel and the making of the Flamingo. Casts Warren Beatty and Annette Bening
1993 - Indecent Proposal. Some reviews advice to "save the money for slots"
1995 - Heat, this time starring Robert DeNiro and Al Pacino, the only movie the two "monsters" have met
1995 - Showgirls, mostly a movie about... girls, including many scenes at Stardust
About The Author
Iulia Pascanu writes for http://www.bestlasvegashotels.info where you can find more information about the best hotels in Las Vegas.
Please feel free to use this article in your Newsletter or on your website.
If you use this article, please include the resource box and send a brief message to let me know where it appeared: mailto:iuliap@gmail.com