MarketWatch, 13 Nov 2008, William Spain
CHICAGO (MarketWatch) -- Las Vegas Sands' woes rippled out to the gambling giant's workforce with thousands of jobs reportedly about to be lost in Macau as the company suspends some of its most ambitious projects in the Chinese territory.
Sands, fast running out of cash and unable to find more in the usual credit markets, will cut as many as 11,000 construction jobs, according to the Associated Press, as it halts work on parts of its planned $12 billion development in the former Portuguese territory.
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