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Singapore casino costs expected to soar

30 August 2007

SINGAPORE -- As reported by the Agence France Presse: "The cost of Singapore's first casino development could balloon by up to 40 percent in a struggle to keep the project on budget, reports said Wednesday.

"Today newspaper quoted the chief executive officer of Las Vegas Sands as saying the original 3.6 billion US dollar cost of the development could swell by as much as 1.44 billion dollars.

"The cost could rise by '20 to 40 percent,' Las Vegas Sands president and CEO William Weidner was quoted as saying in Macau.

"...The project was already one of the world's largest investments for a single integrated gaming resort.

"Weidner cited escalating building costs, sparked by an Indonesian ban on sand exports, as well as refinements to the design..."

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