HONG KONG: Las Vegas Sands, the world's second-most valuable casino operator by market capitalisation, said on Monday Dec 21, 2009 that its US$5.5 billion Singapore casino resort is on track to open around the end of March.
Elsewhere in Asia, the company, which saw many of its projects under development on Macau's Cotai Strip put on hold during the global financial crisis, could also "easily open" all its planned properties there in the next five years, Chief Executive and Chairman Sheldon Adelson said in an interview on CNBC.
Sands' original target was to open the Marina Bay Sands casino-resort on the edge of Singapore's central business district by the fourth quarter of 2009. The opening date was later revised to end-March 2010 because of a shortage of sand and workers.
The Singapore project, which was originally expected to cost around $3.2 billion, has also suffered massive cost overruns. - Reuters
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