Singapore DBS says no Las Vegas Sands loan default

SINGAPORE | Fri Nov 7, 2008 12:10am EST

SINGAPORE Nov 7 (Reuters) - DBS Group (DBSM.SI), Southeast Asia's biggest bank, said there had been no default or indication of a default from casino firm Las Vegas Sands Corp (LVS.N) for its project in Singapore.

"There's been no default, no indication of default. The project is still going along," DBS's CEO Richard Stanley said on Friday. "I do expect there will be an integrated resort in Marina Bay in Singapore in 2010."

Shares in Las Vegas Sands, which is building one of two casinos in Singapore, fell as much as 44 percent on Thursday after the casino operator's auditor said there are doubts about the company's ability to continue as a going concern. [ID:nN06321876] (Reporting by Saeed Azhar and Kevin Lim; Editing by Lincoln Feast)

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