Bank of Nova Scotia, Merrill Lynch & Co., and CIBC Oppenheimer Corp. are set to begin syndication Friday of a $410 million loan to back construction of a new Aladdin hotel and casino in Las Vegas.

The financing comes to market just two months after Goldman, Sachs & Co. and Bear, Stearns & Co. completed a $923 million deal to back construction of the highly controversial Venetian Casino Resort, which Sheldon Adelson is building on the site of the former Sands Hotel and Casino.

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