Las Vegas Sands to cut 9,000-11,000 jobs in China

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NEW YORK (MarketWatch) -- Around 9,000 construction workers are to lose their jobs as U.S. gaming giant Las Vegas Sands cuts back on a huge development in the gambling haven of Macau, Agence France-Presse reported. The Associated Press said the job losses could total 11,000. AFP quoted Stephen Weaver, the head of Sands Asia, as saying Thursday that most of the jobs would be lost in Hong Kong and mainland China. Las Vegas Sands, which operates two casinos in Macau including the giant Venetian complex, announced this week it was halting part of the $12 billion development on the Cotai Strip.

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