8/11 – Marina Bay Sands Integrated Resort Will Go On

November 8th, 2008 · No Comments

Las Vegas Sands Corp, owner and operator of the Marina Bay Sands Integrated Resort has reaffirmed its commitment to the project after meeting with Singapore Government officials this week. This announcement came after doubts have been raised over the casino operator’s ability to raise enough cash to keep running in the long term.

In the announcement, Sheldon G. Adelson, chairman and chief executive officer of Las Vegas Sands Corp. said,

When we were selected to develop an Integrated Resort at Marina Bay, we made a commitment to the Singapore Government and the people of Singapore. In light of recent turmoil in the global markets, I felt the need to personally reaffirm our commitment to the success of Marina Bay Sands. I am pleased to say that the Singapore Government’s support of our project remains strong.

In addition, Marina Bay Sands Integrated Resort’s proposed casino floor plan which detailed up to 1,000 gaming tables has been approved by the Casino Regulatory Authority of Singapore (CRA). However, the final casino layout will still needs to be approved when the Integrated Resort applies for a casino license in 2009.

View full news release by Las Vegas Sands Corp.