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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Report: Singapore won't bail out Sands project AP - Thursday, November 13 SINGAPORE - Singapore won't bail out troubled casino operator Las Vegas Sands Corp. if it runs out of money before finishing a $2.7 billion casino-resort in the city-state, Trade Minister S. Iswaran said, a state TV channel reported. Iswaran didn't rule out the participation of government-owned companies in the project, known as Marina Bay Sands, should Sands run out of funding, Channel NewsAsia said Wednesday. Sands has not asked the government for money, Iswaran said. Sands plans to suspend several casino projects in Macau and Las Vegas after saying last week it was in danger of breaching lending conditions and defaulting on $5.2 billion of debt. The company raised $2.14 billion in new capital this week by selling shares to investors, including billionaire chief executive Sheldon Adelson. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Kraft chocolate factory to close in RomaniaAP - 1 hour 21 minutes ago Bank of England: Inflation to fall below 2 pct.AP - 1 hour 16 minutes ago Hong Kong lawmakers debate Lehman probeAP - 1 hour 29 minutes ago Spain: Iberia profits plummetAP - 1 hour 32 minutes ago EU backs proposed Alitalia takeoverAP - 1 hour 43 minutes ago Most Popular – Business Viewed Britney Spears's son hospitalized: statement Ancient 4,300-year-old pyramid discovered in Egypt US expands record bailout of insurance giant AIG Obama, Bush discuss world of challenges Swiss fear more pressure on bank secrecy after Obama victory View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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