Bloomberg.com, 12 Nov 2008, Saikat Chatterjee
Nov. 12 (Bloomberg) -- Singapore's government won't bail out the casino-resort being built by Las Vegas Sands Corp. in the city-state's downtown, said Senior Minister of State for Trade and Industry S. Iswaran.
Las Vegas Sands and its Singapore unit Marina Bay Sands hasn't sought a bailout from the government, he added. The government's tourism board said Oct. 29 it's in talks with the company to ``facilitate'' the success of the Singapore resort. The stock rose 80 percent after the statement.
``There have been no requests for a government bailout from Marina Bay Sands and neither does the government intend to do one,'' Iswaran said, according to a transcript of his comments to reporters in Singapore today.
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