LAS VEGAS-Las Vegas Sands Corp. on Monday morning halted or delayed construction at most of its active development sites in the US and abroad. Citing “the capital markets and the global economy and their impact on ongoing operations,” the public company stated in its quarterly report that it will need to raise additional capital to complete those few projects it hopes to continue building.

In a conference call with analysts Monday afternoon, company president Bill Weidner said the company has lined up more than $2 billion in new capital, including additional funds from Sheldon Adelson, the company’s principal stockholder and chairman. The transaction is expected to close by the end of the week, at which time more details would become available.

In the US, Las Vegas Sands has stopped work on a $600-million, 400-unit, high-rise condominium tower it was developing on the Las Vegas Strip, in front of its new Palazzo resort, but will complete the retail podium. It also has stopped work for everything but the casino portion of its $700-million, 124-acre Sands Bethlehem development in Pennsylvania.

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