Aug. 13 (Bloomberg) — Las Vegas Sands Corp., the casino company controlled by billionaire Sheldon Adelson, got lender approval to extend and repay a portion of a U.S. term loan that had covenants restricting its use of cash. Credit Suisse Group AG arranged the agreement that will extend part of the company’s $4 billion loan [...]
Posts Tagged ‘casino’
Man charged with making bomb hoax call to police
9 July 2010, CNA SINGAPORE: A 39-year-old man has been charged with making a bomb hoax call to the police on July 7. When he called the police on the emergency ’999′ hotline at around 3pm on Wednesday, Lee Hoong Kong allegedly told the authorities that he was a “Muslim fundamentalist extremist”. It’s believed he [...]
First review of mega-hotel the Marina Bay Sands
July 08, 2010, www.news.com.au A LUXURY luxury hotel in Singapore has stolen the title of the world’s most expensive and wowed tourists with its unique design. The Marina Bay Sands hotel is a $5 billion integrated resort with 55 levels, a huge infinity pool on top, an indoor canal, a museum shaped like a lotus flower, shops [...]
Singapore May Surpass China as Asia’s Fastest Growing
by Shamim Adam July 9 (Bloomberg) — Singapore may overtake China as Asia’s fastest-growing economy this year, increasing the attractiveness of the city state’s stocks and putting pressure on policy makers to check inflation with a stronger currency. An acceleration in pharmaceutical output and the opening of two casino resorts boosted growth in the first [...]
SkyPark changes face of Singapore’s skyline
7 July 2010 It boasts a casino, restaurants run by some of the world’s most iconic chefs, 1.3 million square feet of exhibition space and will soon unveil an arts museum and 4000 seat theater. But all the people of Singapore were talking about last week was the SkyPark that sits on top of the [...]
Gross casino gaming revenue in S’pore may hit US$2.5b in 2011
25 June 2010 – CNA SINGAPORE : Casino operators are looking to cash in on the pent-up demand for casino entertainment in Asia. Analysts said the two casinos in Singapore could rake in US$2.5 billion in gross gaming revenue by 2011. But they cautioned that falling real estate prices in China may harm regional confidence [...]
MBS aims to change game
24 June 2010, ST THE Marina Bay Sands (MBS) integrated resort celebrated its opening on Wednesday with a lavish bash, but not before its owner made an even more glittering prediction: Just as the resort’s towers have transformed the skyline, the IR will ‘forever change’ Singapore’s image and give the country’s tourism industry a major [...]
25,000 visit Marina Bay Sands casino daily
24 June 2010 SINGAPORE : The casino at Marina Bay Sands (MBS) sees an average of 25,000 visitors every day – a third being Singaporeans. This was revealed at the official opening of Singapore’s second integrated resort (IR) on Wednesday. Marina Bay Sands refused to disclose revenue figures, only to say it is on track [...]
Sands eyes Greece, Spain, Italy for casinos
Reuters – Wednesday, June 23 SINGAPORE, June 22 – Las Vegas Sands <LVS.N>, the world’s most valuable casino firm, has held talks about building Las Vegas-style casino strips in Greece, Italy and Spain, CEO Sheldon Adelson said on Wednesday. Adelson, speaking at a news conference ahead of the formal opening of Singapore’s Marina Bay Sands, [...]
Adelson Ready to Settle With `Unreasonable’ Lawyers Over Singapore Casino
23 June 2010 Las Vegas Sands Corp. Chairman Sheldon Adelson said his Singapore casino is ready to settle “any day they want” with the lawyers’ group that accused it of using their conference to hasten its gaming license. “We much rather make love than war,” Adelson said in a Bloomberg Television interview in Singapore. [...]
