According to the sources close to Las Vegas Sands Corp. (LVS), the hotel and gaming empire is looking forward to borrowing US $7 billion in loans. This amount is intended for expanding and refinancing some loans for the Venetian Resort&Casino in Macau.

Dow Jones Newswires says Citigroup, Lehman Brothers and Goldman Sachs are coordinators of the project. According to the source who wanted to remain unnamed, banks interested in financing have been invited to tour the Venetian property later next week for a soft sell.

Raising of funds for LVS Macau premises comes at a moment when banks have concerns about making large-scale loans.