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Sands Singapore Casino Would Cost Up to $2.5 Billion

SINGAPORE – As reported Dow Jones: "Las Vegas Sands Inc. (LVS) expects to spend between US$2 billion and US$2.5 billion if it gets the license for a casino resort at Singapore's Marina Bay, a company official said Thursday.

"The company is keen to partner with local companies for its Singapore project, although it expects to retain a majority stake if its bid is successful, William Weidner, Sand's president and chief operating officer, told Dow Jones Newswires.

"…If approved, Sands' investment at Marina Bay, on the outskirts of the central business district, would cover a casino, a convention center, an 800-900 room hotel and a Guggenheim Museum, Weidner said.

"Singapore is expected to issue a detailed request for proposals for the casino projects at Marina Bay and the nearby resort island of Sentosa before the end of June. Applications will likely close by September, with the winning bidders chosen by the end of this year…"

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