Sands' HK IPO in 'Nov'

Las Vegas Sands, which is seeking to raise up to $2.5 billion by listing its Macao assets on the Hong Kong stock exchange, could launch its initial public offering by late November, the South China Morning Post reported.

The issue would follow Wynn Macao's successful market debut last week, which showed that appetite for gambling stocks was strong despite high valuations.

The reported plan also comes as Macao is considering rules to impose limits on table numbers at casinos and to raise the age for gambling to 21 from 18. Some analysts said that would brighten the outlook for casinos in the world's fastest-growing gambling market by limiting oversupply.