Singapore DBS says no Las Vegas Sands loan default

Reuters, 7 Nov 2008, Saeed Azhar and Kevin Lim

SINGAPORE, Nov 7 (Reuters) - DBS Group, Southeast Asia's biggest bank, said there had been no default or indication of a default from casino firm Las Vegas Sands Corp for its project in Singapore.

"There's been no default, no indication of default. The project is still going along," DBS's CEO Richard Stanley said on Friday. "I do expect there will be an integrated resort in Marina Bay in Singapore in 2010."

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