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Sands Courting Singapore

20 May 2004

SINGAPORE – As reported by Bloomberg News: "Officials with Las Vegas Sands Inc., which opened a $240 million casino in Macau this week, are in discussions with Singapore government officials about developing what would be the first casino in the city-state.

"Las Vegas Sands, known for its Venetian Casino Resort in the U.S. gambling capital, is relying on its first casino in Macau to boost its reputation with gamblers in China, Singapore's second- biggest source of tourists after Indonesia.

"…Singapore, which only allows lotteries and betting on horse- racing, is considering casinos as part of an island resort development in a bid to lure tourists and boost an economy that suffered two recessions in the past six years. The city has said it wants a casino catering to high-spending customers and would restrict access for some of its four million people…"

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