Las Vegas Sands Singapore partner pulls back

In a surprise announcement, the Singapore partner of Las Vegas Sands in its bid for the Integrated Resort there, City Development has announced that it is pulling out of the bid. The announcement comes exactly one month after the company announced its partnership with LVS and a somewhat inconvenient two months before the final bids are due to be lodged with the Singapore government.

In the announcement, City Development says it "...will, however, continue to provide counsel and advice to the non-gaming aspects of Sands' proposal, particularly in those areas relating to design, development and construction planning, as well as knowledge of the local market..."