Las Vegas Sands Corporation (LVS) last week met with a number of banks and financing companies desperately trying to  secure fresh substantial loans to resume and restart the development of their resort project on the Cotai Strip in Macau.

Shangri-la. Sheraton. St Regis Hotels. Cotai Strip

The Nevada based gaming company, had to suspend construction plans last year as credit markets froze and revenue growth slowed due to the economic recession.

The companies development plans for the Cotai Strip include hotels, exhibition and conference facilities, casinos, showrooms, shopping malls, spas, restaurants, entertainment facilities and other amenities to be opened by 2011.

Las Vegas Sands already owns and operates the Venetian Macao and Four Seasons Macao Luxury Resorts and Casino’s along the Cotai Strip, which were opened between 2007 and 2008.

Financiers looking at the deal include, Citigroup, Goldman Sachs Group Inc, Macau’s Banco Nacional Ultramarino and Singapore’s DBS Group Holdings Ltd.

Reuters reports that the loan may fail to materialize before year end, marking another setback for the company as it prepares to launch their initial IPO on the Hong Kong Stock Exchange.

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