How much "help" is SG giving to La Vegas

[Avantas]

Given the Singapore bureaucracy’s usual prospensity for operating in secrecy, it is most unusual that the state media will publish a such a negative damning verdict on the project had the actual circumstances not been true.

In all likelihood, we can now expect the Marina IR project to be delayed for the foreseeable future. The next question is: what will the Singapore government do to salvage its most prized asset and how much of taxpayers’ money will be pumped into it ?

Interestingly, the Straits Times report made no mention that the Singapore government has kindly offered to help Las Vegas Sands finished the project which was reported by Bloomberg today:

“Las Vegas Sands Corp. soared a record 80 percent 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 in the city-state.

The Singapore Tourism Board will “facilitate the success” of the project in downtown Singapore, the agency said. It didn’t say how it would help or if it will provide financial support. “

Obviously the “assistance” rendered by the Singapore government must be quite “substantial” for the stock to gain 80% in the span of a day.

Read rest of article here:

http://wayangparty.com/2008/10/30/how-much-help-is-singapore-giving-to-las-vegas-sands/

 

[exSINgaporean]

What the fuck! The PAP is so quick to jump in to help the rich caSINo owners and yet drag their feet when coming to the aids of the innocent minibond investors.

Also they can put aside building hospitals for the people and divert the manpower and sesources to build two evil caSINos.

What's next, what if the caSINos laterdo not have enough business, would the PAP subsidize them like no tax for next five yrs, pay for them part of the interest on the loan etc.

What if her citizens got into trouble with loan sharks or lost in invesments, wold the govt help or just say: " If you want to invest then you have to take risk or else just leave your monies in the CPF".

 

[locky2ky]

What the fuck! The PAP is so quick to jump in to help the rich caSINo owners and yet drag their feet when coming to the aids of the innocent minibond investors.

Also they can put aside building hospitals for the people and divert the manpower and sesources to build two evil caSINos.

What's next, what if the caSINos laterdo not have enough business, would the PAP subsidize them like no tax for next five yrs, pay for them part of the interest on the loan etc.

What if her citizens got into trouble with loan sharks or lost in invesments, wold the govt help or just say: " If you want to invest then you have to take risk or else just leave your monies in the CPF".

to the pap it is: foreigners good! singaporeans bad!