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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Adelson says Singapore casino opening delayed AP - Wednesday, July 8 SINGAPORE - Las Vegas Sands Chairman Sheldon Adelson said the opening of the company's $5.5 billion Singapore casino and resort will be delayed until early next year because of problems sourcing construction materials. ADVERTISEMENT The Marina Bay Sands, one of two casinos being built in Singapore, is now expected to open in January or February, Adelson said Wednesday, instead of December as the company predicted earlier this year. "We can't control the flow of sand to make concrete, the availability of steel or the availability of labor," he said at a news conference in Singapore. The Singapore casino was one of the few projects Sands continued to work on after the company was hit with a massive cash crunch, caused by the credit crisis and tumbling revenues at its Las Vegas properties. Its funding crisis forced it to suspend work on a Macau project last November and lay off as many as 11,000 workers. Adelson declined to say if the company was cutting its revenue forecast for the Marina Bay Sands because of the weak global economy. Singapore, facing its worst recession in decades, is hoping the casino will revive a tourism industry that's been hit by the global economic meltdown. He said the company's Venetian and Palazzo casinos in Las Vegas, where it last week laid off 194 workers, have had better-than-expected business so far this summer but didn't provide figures. "Our results in June were significantly higher than what we expected," Adelson said. "Our projections for the summer, while slower than previous summers, are also somewhat ahead, and we're adjusting our internal forecasts almost every week." Las Vegas Sands also owns the Sands Macau, Venetian Macau and Sands Casino Resort Bethlehem in Pennsylvania. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Business G8 spies economic danger signs as summit beginsAFP - Thursday, July 9 METALS-Grim demand outlook pushes copper to 2-week lowReuters - 2 hours 7 minutes ago U.S. accuses six in $140 mln trans-Atlantic schemeReuters - Thursday, July 9 HIGHLIGHTS - World leaders in Italy for G8 summitReuters - Thursday, July 9 Australia dollar falls 2 pct as risk being unwoundReuters - Thursday, July 9 Most Popular – Business Viewed Jackson 'best father' ever, daughter tells the world Jackson mother relieved of estate on funeral eve Miniskirts, cleavage upset male SKoreans: survey World's oldest surviving Bible published online The daily grind: Sex for a week boosts sperm quality View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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