Singapore will have an edge over Macau when the first of its integrated resorts is completed in 2009. This is because the Republic is already an established tourist destination, said gaming experts at the Asian Casinos Executive Summit on Tuesday. Integrated resorts with casinos are not just about gambling. They now include family-friendly attractions, business-focused trade shows, restaurants and...
Marina Bay Sands
ECONOMIC growth forecasts may be trimmed, and hiring may falter, but a slowing economy may actually turn out to be a blessing in disguise for Singapore's integrated resorts (IRs). So says Mr Mike Barclay, the new chief executive of Sentosa Leisure Group, which manages the 500-hectare (1,235-acre) island on Singapore's southern tip where the Resorts World at Sentosa integrated resort is being built. "With...
Up to 75,000 new jobs could help to prop up market HOMES for the masses have always been the backbone of Singapore’s residential market. And, with the two integrated resorts (IRs) expected to employ some 75,000 people, demand for such housing is likely to go up. Both IRs are expected to draw a significant influx of “foreign talent”, simply because Singapore does not have enough people with the...
Infrastructure firm Yongnam Holdings has won two more subcontracts worth a combined S$84 million for construction works at Marina Bay Sands Integrated Resort. The two contracts will see Yongnam build the structural steelworks for the resort's iconic lotus-shaped ArtScience Museum, casino and theatre podium. The latest deals come on the back of earlier contracts worth about S$178 million, announced in May...
Structural steel contractor and engineering solutions provider Yongnam Holdings will form a 70-30 percent joint venture with KTC Civil Engineering and Construction to work on a Marina Bay Sands project. They have secured an S$81.4 million contract for temporary decking, steel waling and excavation works at the South Podium of the Marina Bay Sands integrated resort. The South Podium area will include...
A YEAR before Singapore's first Integrated Resort (IR) at Marina Bay is due to open, potential competition is already brewing to the immediate north and south. In Malaysia, the government yesterday confirmed it is in talks with not just Walt Disney, but also other theme park operators. The discussions are "preliminary", said spokesman for Malaysia's sovereign wealth fund, Khazanah Nasional, Mr Mohd Asuki...
Sembawang Engineers and Constructors has won a S$400 million contract to build the North Podium of the Marina Bay Sands integrated resort. The podium, which will have four upper levels and four basements, will house the casino, theatres and a retail arcade. Construction work will start this month and expected to be completed by April 2009. The company is also building the new Downtown Line Bayfront MRT...