Singapore won't bail out Las Vegas Sands's project in city

SINGAPORE -- As reported by Bloomberg: "Singapore's government won't bail out the casino-resort being built by Las Vegas Sands Corp. in the city-state's downtown, said Senior Minister of State for Trade and Industry S. Iswaran.

"Las Vegas Sands and its Singapore unit Marina Bay Sands hasn't sought a bailout from the government, he added. The government's tourism board said Oct. 29 it's in talks with the company to ``facilitate' the success of the Singapore resort.

"...The success of Las Vegas Sands's project is crucial for the city-state, which is counting on two casino-resorts to help double visitor arrivals and triple tourism spending by 2015..."