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Sands has funds for IR

It will finish S'pore's first casino without help from the government. -ST

Tue, Nov 18, 2008
The Straits Times

LAS Vegas Sands Corp has enough money to finish Singapore's first casino without help from the city-state's government or billionaire Kwek Leng Beng after the company raised US$2.1 billion (S$3.2 billion), President William Weidner said.

Parts of Marina Bay Sands will open later than the end of 2009, as originally scheduled, on construction snags and an 'unprecedented' shortage of raw materials that is now 'opening up', Mr Weidner said in an interview in Las Vegas on Tuesday. 'We have all the money required to be able to complete the project.'

Las Vegas Sands, controlled by billionaire Sheldon Adelson, halted developments in Macau and Las Vegas to focus on finishing a Singapore project and the casino part of its Bethlehem, Pennsylvania, site.




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