Daily Singapore News

Las Vegas Sands Corp. has announced in its Third Quarter 2008 Results Report that it will halt development of 2 sites in Macau and channel its resources to “highest rates of expected return on invested capital” projects such as Marina Bay Sands IR in Singapore.

With Sands’ S$5.44 billion credit facility to back the construction of Marina Bay Sands IR already set up, it should not be seriously affected by existing tight capital market situation. Thus, Las Vegas Sands Corp. remains optimistic on its targeted opening of Marina Bay Sands IR in late 2009.

So far, the report said Las Vegas Sands Corp. has invested an estimated US$1.81 billion into the land and construction of Marina Bay Sands IR in Singapore, and another estimated US$2.7 billion is required to complete the project.

Read entire report on Third Quarter 2008 Results.

Related news:

• LV Sands Reconfirms Marina Bay Sands Integrated Resort Opening Schedule
• Marina Bay Sands Integrated Resort in Singapore Completes Topping Hotel Towers
• President of Marina Bay Sands Integrated Resort Appointed
• 8/11 – Marina Bay Sands Integrated Resort Will Go On
• Mon Headlines – Marina Bay Sands (IR) Starts to Hire