The Urban Redevelopment Authority (URA) is seeking public feedback on the proposed names for two iconic spaces at Marina Bay. The first is the landmark bridge which comprises two linkways for pedestrians and vehicles going to Marina Centre from the Bayfront area. Designed to resemble the double helix structure of a DNA, the proposed names for the 280-metre pedestrian crossing are "The Double Helix" and...
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The Singapore government said Wednesday it will not bail out the troubled US gaming firm Las Vegas Sands should it fail to fund the Marina Bay integrated resort. Senior Minister of State for Trade and Industry S Iswaran, speaking on the sidelines of an industry conference, said there has been no request from Sands for a bailout so far. Sands has been working to avoid defaulting on bank covenants and...
LAS Vegas Sands is to halt work on developments in Macau, where it earns two-thirds of its revenue, to focus on the US$4-billion ($6-billion) integrated resort project at Marina Bay, executives said. The casinos and resorts company run by billionaire Sheldon Adelson said it is managing to raise a further US$2.14 billion in capital following a third-quarter loss. The United States-based company expects...
Property developer CapitaLand said it has not held any talks with Las Vegas Sands over the integrated resort at Marina Bay. The comment follows market talk that CapitaLand may step in to take a stake in the resort, given financial difficulties at Sands. In its statement, CapitaLand said it is watching the current global environment and studying opportunities related to distressed companies or assets in...
IN RECENT weeks, its top executives have been going around the region to raise funds - to stave off defaulting on its loans, a risk it admitted on Thursday amid doubt about the casino giant’s viability. As Las Vegas Sands’ (LVS) troubles fed whispers about the fate of its US$4.2-billion($6.3 billion) Marina Bay project here, chairman and chief executive Sheldon Adelson this week met with the Singapore...
Las Vegas Sands said it is committed to completing the development of the Marina Bay Sands integrated resort in Singapore. Concerns had been raised about the company's ability to finish the US$4 billion development after news broke out that it was struggling with a shortage of cash. In a statement on Friday, Sands said it met with the Singapore government this week and gave the assurance that it will see...
After three years of construction, the S$230 million Marina Barrage is ready. It dams up Singapore's river mouth, forming a reservoir - the Marina Reservoir - which has a catchment area that is one-sixth the size of Singapore. Right now, the reservoir contains mainly sea water. But when the monsoon rains come, the sea water will be flushed out through the gates into the sea, making it a freshwater...
A new S$35 million waterfront promenade at Marina Bay in central Singapore will be ready by the end of next year. The Urban Redevelopment Authority has promised that visitors will get a panoramic view of the Bay from any spot on the promenade. Its key design features a continuous waterfront loop, and along the Bayfront, visitors can expect to see dancing water jets, an eco-friendly Visitor Centre, a Mist...
Australian companies BHP Billiton and Macquarie Group have been confirmed as the newest tenants of Marina Bay Financial Centre (MBFC). Mining firm BHP Billiton and banking giant Macquarie will take up 142,000 and 74,000 sq feet of space respectively in Tower 1 of the office building at downtown Marina, said Raffles Quay Asset Management, which manages MBFC, in a statement. Both firms will take 10-year...
The Marina Bay Financial Centre has leased out over 65 per cent of its space, even though it is two years away from completion. Two of Australia's biggest companies are the latest to lease space at the centre. The Macquarie Group and BHP Billiton are taking up more than 216,000 sq ft of office space. They will be there for 10 years, with options to renew and expand. Software development firm, Murex...