Sands Says Singapore Casino Opening Delayed

Las Vegas Sands Chairman Sheldon Adelson said the opening of the company's $5.5 billion Singapore casino and resort has been delayed again, and now expects it to begin operations in April, The Associated Press reported. The Marina Bay Sands, one of two casinos being built in Singapore, was initially scheduled to open this month. Then Adelson said in July it would open by February. Heavy rains and the bankruptcy of some of the project's sub-contractors further pushed back the opening, Adelson said. Sands has focused its resources on the Singapore casino as a cash crunch brought on by the credit crisis and falling revenue forced it to suspend work on a Macau project last November and lay off as many as 11,000 workers. Adelson said Sands plans to restart construction in Macau within five months and the first phase of its Cotai strip project should open by June, 2011. Read more.