Genting, Sands face more cost overruns at S'pore casinos

Reuters, 19 Feb 2009, Kevin Lim

SINGAPORE, Feb 20 (Reuters) - Genting International (GNTG.SI), the overseas arm of Malaysia's Genting Bhd (GENT.KL), and Las Vegas Sands LVS.N> are reportedly facing more cost overruns on their casino-resort projects in Singapore.

Genting International said late on Thursday that its Resorts World at Sentosa, which is scheduled to open early next year, will cost S$6.59 billion ($4.32 billion) compared with the previous estimate of S$6 billion.

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