Singapore Democrats, 24 Nov 2008
"Mr Adelson didn't get to where he is by playing pat-a-cake with his funders. His message: If Las Vegas Sands goes down, Marina Sands goes down with it. The Singapore officials got it. Given the desperate need for the project to be completed - the gaping hole of half erected structures downtown would be a daily reminder of the PAP's failure - was Singapore made an offer it couldn't refuse?
Two days after the news of Sands' imminent bankruptcy broke, LVS and Singapore officials "pledge to complete the Singapore project."
At about that time, Minister Mentor appeared and blessed the Marina project saying that the development will go on even as it is "under pressure."
DBS's CEO Richard Stanley, one of the Singapore banks which had loaned heavily to the construction of Marina Sands, even declared that "There's been no default, no indication of default" by LVS.
Two days later, Mr Adelson averred that completing Marina Bay Sands remained the "number one priority for our company.""
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