Reuters, 12 Nov 2008, Kevin Lim
SINGAPORE, Nov 12 (Reuters) - Singapore said on Wednesday it may let Las Vegas Sands (LVS.N: Quote, Profile, Research, Stock Buzz) open its casino in the city-state in phases from the end of 2009 instead of all at once due to the difficult economic conditions.
U.S. casino operator Las Vegas Sands this week raised about $1 billion to shore up its finances and said it would halt or delay projects in Macau and the United States to conserve cash.
The firm said, however, that it would continue work on the planned Marina Bay Sands casino resort in downtown Singapore, which is expected to cost nearly $5 billion.
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