Singapore concern for casino project

Financial Times, 8 Nov 2008, Assif Shameen

Sheldon Adelson, Las Vegas Sands chairman, recently met Singapore government officials concerned about completion of the company's resort project in the city-state, according to people familiar with the discussions.

The talks centred on restructuring and refinancing of the Marina Bay Sands, the first of two casino projects currently under construction in Singapore.

Las Vegas Sands is trying to raise more than US$2bn to fund projects in Singapore, Macao and the US. Last month it raised $475m in convertible senior stock notes from Mr Adelson and his family.

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