CapitaLand says eyeing Sands yet

SINGAPORE Property developer CapitaLand said on Monday it has not held any talks with Las Vegas Sands over its Singapore casino-resort project. It will explore opportunities to invest in distressed assets, not necessary MBS.
Take over MBS
It issues to rebut suggestions when brokerage firm CIMB said Monday that CapitaLand, Southeast Asia's biggest property firm, and the Singapore government may take over the casino-resort if Las Vegas Sands loan got defaulted.
It was reported that Las Vegas Sands had talks with the Authorities regarding the IR which is schedule to open at the end of 2009.
Capitalland denies
"CapitaLand wishes to clarify that no discussion has transpired between itself and Sands," it said in a statement. It issues a general statement on the strategic investment and opportunities of distressed assets, in all countries, especially in these recessionary environment.
The Sovereign wealth fund Temasek Holdings owns 40 percent of Capitaland.

Las Vegas Sands reaffirmed its commitment to the Marina Bay project expected to open in end 2009. Investors became concerned about after the casino operator's auditor said there are doubts about the company's ability to continue as a going concern on its audit in the US.
Well croupier ,spin the ball and let it fall,either red or black.Its the colour things.