Casino firm Harrah’s has been accused by its joint venture partner in a USD 2.6 billion Bahamas resort project of fraud in trying to end their deal to build the resort, according to a court filing. The dispute is over a deal announced in January 2007 between resort operator Baha Mar Resorts Ltd and casino company Harrah’s Entertainment to build a resort in the Bahamas. Starwood Hotels & Resorts Worldwide Inc was to manage four hotels at the resort.

Singapore's government may form a venture with CapitaLand Ltd to take over one of the island's two casino resorts if Las Vegas Sands Corp fails to stave off loan defaults, CIMB-GK Research Pte has said. Las Vegas Sands, the gaming company that said last week it may default on debt and face bankruptcy, reiterated last Saturday that it's committed to the USD 4 billion Singapore resort. The company has drawn down at least SGD 2 billion (USD 1.3 billion) from a SGD 5-billion credit facility by several banks for the project.