GARMENT helping SANDS.......LATEST!!!!!

[ahleebabasingaporethief]

Now you know why taxes are going up.....


Las Vegas Sands Doubles After Talks With Singapore (Update1)

By Beth Jinks

Oct. 29 (Bloomberg) -- Las Vegas Sands Corp. doubled in New York trading after the Singapore government said it was in talks with the casino company to help finish a $4 billion casino project.

The Singapore Tourism Board said today it's seeking to ``facilitate the success'' of the project in downtown Singapore. It didn't say if it would give financial assistance to the project.

Las Vegas Sands rose $4.80, or 97 percent, to $9.75 at 2:40 p.m. in New York Stock Exchange composite trading. It gained 122 percent earlier today, the biggest intraday increase since the Las Vegas-based company's 2004 initial stock sale.

``The Singapore Tourism Board is monitoring the situation and is aware that the current uncertain economic climate may give rise to concerns,'' the agency board said in an e-mailed statement. The tourism board said it was ``working closely'' with the company's Singapore unit, Marina Bay Sands.

Talks with Singapore follow the casino company's hiring of an investment bank last week to raise more capital with the help of billionaire Chief Executive Officer Sheldon Adelson. The stock fell 95 percent this year through yesterday, compared with the 36 percent decline in the Standard and Poor's 500 Index.

LVS spokesman Ron Reese didn't immediately reply to an e- mail seeking comment.

The surge may have been fueled by purchases of stock by short-sellers who needed to cover their positions when the stock initially gained.

Volkswagen AG, Europe's biggest carmaker, rose almost fourfold in Frankfurt trading this week after Porsche SE announced that it owns 42.6 percent and has acquired options to increase its stake to 75 percent.

The announcement spurred short sellers to buy from a shrinking pool of stock to close their positions, and Germany's financial-market regulator is investigating the trading.

``Gaming is a heavily shorted sector in need of a catalyst,'' Todd D. Jordan, a managing director at New Haven, Connecticut-based investment-research firm Research Edge LLC, said today in a note to clients.

To contact the reporter on this story: Beth Jinks in New York at [email protected].

Last Updated: October 29, 2008 14:43 EDT

Email this article Printer friendly format

 

[DIVISION1]

The government of Singapore knows a winning investment when they see one. Never doubt their sharp eye for economic success.

 

[shelltox]

It maynot be called marina sands resort but temasands resort

 

[madmansg]

maybe the bloody PAP govt propose to Sands to convert the casino into SAF army camp.

 

[DIVISION1]

maybe the bloody PAP govt propose to Sands to convert the casino into SAF army camp.

That is impossible! It is sitting on prime land!

 

[phouse3]

It's all about managing expectations, isn't it?

- Cost overrun and project delays and yet no sensational interviews with the banks is about managing expectations.
- Sensational headlines on 10,000 jobs recruitment drive is about managing expectations.
- STB working closing with LVS is about managing expectations (translation: not invoking performance guarantee).
- Capital Land sitting on a $4 billion cash pile is about managing expectations

 

[Kid278]

That is impossible! It is sitting on prime land!

Nothing is impossible, be it prime land or prime minister land. Whatever land, it's reclaimed land. This sands or soil or land project is doomed to fail from the start. Even if constructions complete, it's operation will not survive. It'll bleed to its death ultimately, bet on that.:p

 

[chupacabra]

This only shows the PAPies desperation. What do you expect the Papies to do? They had to protect their only hope left for peesai. Pappies cannot afford to be seen as losers in the eyes of the world.

All the wayang talking and debating about the IRs must not be only wayang or else where to put their faces. So a few billion spent is peanuts, later can claim back from sinkees through numerous means.

 

[Kid278]

This only shows the PAPies desperation. What do you expect the Papies to do? They had to protect their only hope left for peesai. Pappies cannot afford to be seen as losers in the eyes of the world.

All the wayang talking and debating about the IRs must not be only wayang or else where to put their faces. So a few billion spent is peanuts, later can claim back from sinkees through numerous means.

Precisely, peesais pay taxes as normal citizens. But when comes to entry to casinos, they becomes second class. Pay a fee or stay away, PAPies forgot the land and funds belongs to taxpayers. IRs cannot survive without casino's funding. Casinos fails, IRs fails. Those things about attractions to multiple millions of visitors from abroad are nothing but bullshits. Imaginations knows no frontier, PAPis are hallucinating and on a trip.:o

 

[downgrader]

just convert the three towers into foreign workers dorm and kill two birds with one stone

three blocks can house many workers in centralised location for deployment all over the island

 

[eeoror88]

just convert the three towers into foreign workers dorm and kill two birds with one stone

three blocks can house many workers in centralised location for deployment all over the island

You never here the Robotic Div 1 say ah ?? This is prime land leh !!

 

[Ah Guan]

You know when a country has gone to the dogs when the government goes to bed with vice operators.

Run guys....

 

[Frankiestine]

The government of Singapore knows a winning investment when they see one. Never doubt their sharp eye for economic success.

And without a doubt some people with direct interest in the success of the IR would have shore up substantial amount of Sands shares in anticipation of the increase...

 

[DOM the Clown]

 

[soikee]

The government of Singapore knows a winning investment when they see one. Never doubt their sharp eye for economic success.

So it appears that your S'pore government is now more anxious than Las Vegas Sands to want to complete the project.

It looks like we in this forum already know all about the delays and possibility of LVS abandoning the project. Thanks to
fellow forum member Merl for sharing with us his privileged informations.

 

[eeoror88]

That is why Old Man and son go to Balckjack table and shout "PICTURE" !

 

[sir cum-a-lot]

Nothing is impossible, be it prime land or prime minister land. Whatever land, it's reclaimed land. This sands or soil or land project is doomed to fail from the start. Even if constructions complete, it's operation will not survive. It'll bleed to its death ultimately, bet on that.:p

nothing new mate, the track record has proven that they're very short-sighted, almost blind to be more precise

 

[sir cum-a-lot]

So it appears that your S'pore government is now more anxious than Las Vegas Sands to want to complete the project.

It looks like we in this forum already know all about the delays and possibility of LVS abandoning the project. Thanks to
fellow forum member Merl for sharing with us his privileged informations.

it's an issue of face. they went against the people's views & went ahead with the IR project, and when decided they opened not 1, but 2. and now if decided to call the project off. they face more music.

as for entrance regulations, its just their way of saying thanks to the people.

i take your $ to build a nice resort, but i'm telling u, that u're not welcomed after its built n ready

 

[Frankiestine]

as for entrance regulations, its just their way of saying thanks to the people.

and at the entrance to the casino they will hang a sign...
"DOGS AND SINGAPOREANS NOT ALLOWED"...

 

[The_Latest_H]

When you know they have to implicitly use taxpayers money to bring it over the finish line, you know the project outcome is in trouble.