THE Government has 'no intention' of bailing out the integrated resorts in Singapore should they fail, Senior Minister of State S. Iswaran said on Wednesday.
He was responding to media queries on whether the Government may step in to rescue the Marina Bay IR project, whose parent company, Las Vegas Sands, is facing cashflow problems due to the global economic downtur

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still want $100 per entry into IRs casinos? China restrict its citizens from patronising too often Macau casinos even though the latter is part of China.
This contributed in part to Sand's woes. Spore's similar punitive monetary restrictions on its citizens contributing to US Sands' coffers wil not have a similar effect of killing it off too? or is the `duopoly' `too terrific' an investment to fail? MM thinks since we don't depend on China patrons only we should be OK. So if Marina or Sentosa only depends on foreigners and rich Sporeans to fill its casinos won't it be a similar situation?

read somewhere the $2 billion capital only `buys time' for LV Sands. The inevitable may or may not come to pass. Macau chief already made it clear those who fail - they will take over. Looks like Spore's Iswaran is saying pretty much the same thing.
An optimist says when it come to the end of the world only Sand's Sheldon and cockroaches will be left and the former will quickly start a pest control company to take make money. Well we are all watching developments very closely as there is too much at stake.

Government will not bail out, but government-linked companies can do so. The outcome is the same - The nation's wealth would be used to save a failed venture. A government that cannot say it like it is lacks integrity.

no need to bail out, just invest, become the controlling shareholder, and sell to Sands or MGM when the economy turn around in 10 years' time, for a huge profit - don't forget to distribute the gain as dividends to singaporean citizenz

please read between the lines and between the alphabets. LVS has no money and is raising capital, SG government will not bailout and banks will not treat them as bad loan (NPL).....somebody is going to pick up the tab and we will not allow such an iconic project to fail before completion...such an eye sore even from the sky when approaching Changi if it is left incomplete....therefore, there is only one logical outcome........

Temasek will invest lor.

It is a good time to OPEN the door for investment. Allows people of the country to invest in the project. So everyone has a stake in it. OPen the IR Bonds and structured it. Its a good learning ground for people if they dare and trusted the project. After all sharing the wealth is the message....

Eye sore if you see the uncomplete structure building at MArina... Like 1997 Thailand financial turmoil.....rusty steel structure in almost every SEA countries...

If one can recall...
the suntec towers fountain of fortune rusty structure was left for sometimes before the project is restart it is there to sabotage Sinagpore FUNSHUI...can not do lah...

Can anyone help this layperson to understand??

When the gahman bring up the ideas of IR an casino is that to attract foreign capital into our island aye??

BUT NOW..singapore had to use OUR OWN CAPITAL (yes, I know gahman say no bailout BUT what the difference?? Temasek - Gahman??)
And the PROFIT GOES TO FOREIGN INVESTMENT??SAND??

So are we paying FOREIGN INVESTORS to come to EARN money on our land??

OK, they say is to creates job for SIngaporean aye??BUT BY the look of it, more than 50% of job going to FW or FT..

Awe!! Singapore very good to Foreigners it seem..kind of made me regret of being a singaporean...for this layperson being felt to be like a payperson so that foreigners could EARN $$$ on our shore...

On second thought, I am just a layperson and thus could not understand hows the expert in economics mind work aye.

Times must be tough indeed if casinos are losing money.

If GLC does come in, they'd become shareholders - but the crux is, can they become majority shareholders or just minority shareholders treated as suckers?

And can GLC ensure it is not a ploy by Sands to renegotiate the deliverable and the terms for operating the IR? Such as scrap S$100 entrance fee, allow credit to local populace, and focus on casino and relegate the rest of the IR into the background?

Singapore send scholar-officials to deal with savvy worldly people whose primary experience is parting people from their money? What a joke.

Temasek just lost $400 million of Singapore's SWF ... to childcare operators in Australia.

What are the chances of dealing with gambling pros from Vegas ...