Bloomberg.com, 30 Oct 2008, Beth Jinks and Jean Chua
Las Vegas Sands Soars 80% After Talks With Singapore Government
Oct. 30 (Bloomberg) -- Las Vegas Sands Corp. soared a record 80 percent in New York trading after the Singapore government said it was in talks with the casino company to help finish a $4 billion casino project in the city-state.
The Singapore Tourism Board will ``facilitate the success'' of the project in downtown Singapore, the agency said. It didn't say how it would help or if it will provide financial support.
Singapore's tourism agency ``is monitoring the situation and is aware that the current uncertain economic climate may give rise to concerns,'' it said in an e-mailed statement late yesterday. It is ``working closely'' with the company's Singapore unit, Marina Bay Sands.
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