STB in talks with Marina Bay Sands to facilitate success of IR project

The Singapore Tourism Board (STB) has said it is in talks with Marina Bay Sands to facilitate the success of the integrated resort project.

The comment came in response to enquiries from Channel NewsAsia.

Marina Bay Sands is being developed by US gaming operator Las Vegas Sands.

Just last week, Las Vegas Sands announced that it had hired an investment bank to raise more capital.

The gaming operator has been on a massive expansion programme.

It is also building US$12 billion complex in Macau.

In its statement on Tuesday, STB said it is monitoring the situation.

Source : Channel NewsAsia – 28 Oct 2008

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