It appears that speculation amongst some gaming analysts regarding the validity of a "confirmed" deal between Las Vegas Sands Corp. and the Chinese government, has proven to be warranted. Following an announcement and report by gaming analyst Larry Klatzkin of Jeffries & Co., New York, that Las Vegas Sands executives had revealed a deal with the Chinese government to build a non-gaming resort on Hengqin Island was approved, stock prices went surging up. However, with no confirmation and announcement given by Sands executives, some investors were rightfully speculating on whether the deal actually went through.

Approximately ten hours after Klatzkin's note, Las Vegas Sands released their own statement negating the news they were awarded an approval from Chinese officials, but rather, had received an official letter from the Zhuhai government (acting as a liaison for the Chinese government), stating that a project coordination committee was being formed to oversee the planning of the proposed Hengkin Island resort. No official approval to build the resort has not been given as of yet.

In the world of big stocks and finances, waiting ten hours to correct an erroneous statement is considered a very long time. Yet, the fact that the company made a statement at all, will probably lessen their chances from being hit with any FD Regulation fines. What makes the situation intriguing is how fast Sands stock prices rose, while during that time, no Sand's officials could be reached for comment. According to a spokesperson for Sands Las Vegas, the delay was in getting company executives together to write a statement, not to mention the fact that having to confer with Chinese officials resulted in language barriers, thus dragging out the process more.

Despite the misinformation, most gaming analysts will agree the proposal to build a non-gaming resort on Hengkin Island, which is only one mile from the Venetian Macau Casino (scheduled for a grand opening by late this year), stands great chances of getting approved by the Chinese government. The vacation-like resort will also serve as a getaway for guests of the nearby Sands Macau Casino, which has been doing exceptionally well in the Asian gambling market.