According to ChannelNewsAsia:

SINGAPORE: The Singapore government said Wednesday it will not bail out the troubled US gaming firm Las Vegas Sands should it fail to fund the Marina Bay Sands integrated resort.

Senior Minister of State for Trade and Industry S Iswaran said there has been no request from Sands for a bail out so far.

Sands has been working to avoid defaulting on bank covenants and announced on Tuesday that it was raising some US$2 billion in capital.

- That means Las Vegas Sands Corporation may have to fight for their own capital…hoping and praying for lenders to come in for the big bail out….otherwise the casino building may halt…and that may make many people out of job immediately.

This is scary stuff, Casino to become white elephant….or worst half built casino…halted and lay to rot somewhere…in the marina?

That depends heavily on whether if they can manage to secure funding more then their annual lost.

Las Vegas Sands shares had fallen from the high of 138.9 to the current 5.34 since 26 October 2007.

It’s just one year for the casino giant to fall down to their knees and now literary begging for loans.

Why it happened? It seems to me the Las Vagas Desert Casino may have some future implication on water supply after the 2007 drought and possible end of water contract with Colorado as the river is running dry.

Now, Singapore have to face the music if Las Vegas Sands make it or not….

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