I've just read that Las Vegas Sands Corp needs to raise new capital now. The billionaire, Sheldon Adelson who runs the international casino empire just got his companies shares plummeted. If he doesn't raise some capital, some of his development projects may have to be suspended. I wondered if that will affect the development of Singapore's Marina Bay Sands Casino. If it is being suspended, hopefully it will not be taking too long as it will be an eyesore with all the constructions in around that area.
DBS, one of the many banks that were formed for the funding of this development project however had reported that there were no signs of any default on the loans so far and had not shown any indication of suspension of project.
Friday, November 14, 2008
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