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Completing Singapore casino number one priority for LV Sands

11 November 2008

SINGAPORE -- As reported by AFP: "Completion of a casino project in Singapore remains the top priority of US gaming giant Las Vegas Sands, the firm's chairman said Tuesday while announcing a halt to some developments in Macau.

"'Completing and opening Marina Bay Sands is the number one priority for our company,' Sheldon Adelson, Las Vegas Sands chairman and chief executive, said in a statement.

"The Marina Bay Sands development is scheduled to open in Singapore by the end of next year.

"...Last Friday Adelson affirmed the company's commitment to its Singapore casino after a filing with US regulators sparked doubts about its financial health.

"Las Vegas Sands' US-listed share price has plummeted from 148 dollars last October to around eight dollars this month on worries about its debt burden. But the company said it was 'in the process of' raising an additional two billion US dollars in funding commitments..."

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