Sands asks for Singapore casino to open in stages

November 14, 2008
Singapore Democrats

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AFP

Las Vegas Sands, squeezed by a global credit crunch, has asked to open its Singapore casino complex in stages instead of in one go at the end of next year, the city-state’s government said.

The Singapore Tourism Board said it was considering a proposal by Las Vegas Sands for the complex to be opened progressively from the end of 2009.

Las Vegas Sands, headed by gaming tycoon Sheldon Adelson, on Tuesday announced a halt to some developments in Macau due to trouble accessing credit during the global financial crisis.

Around 9,000 construction workers are to lose their jobs as a result, the head of Sands Asia said Thursday.

But Las Vegas Sands said this week that completion of the Singapore project remains its top priority.

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