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...
Singapore Integrated Resorts
Don't bet on it! That's the advice from quite a few observers as the people behind Singapore's two planned integrated resorts insist that they will open on time. Marina Bay Sands is scheduled to open at the end of next year. Sentosa Resorts World is set to open in the first quarter of 2010. Upset contractors, who say the two operators are trying to renegotiate the prices verbally agreed upon for their...
The Singapore Tourism Board (STB) has said it is in talks with Marina Bay Sands to facilitate the success of the integrated resort project. The comment came in response to enquiries from Channel NewsAsia. Marina Bay Sands is being developed by US gaming operator Las Vegas Sands. Just last week, Las Vegas Sands announced that it had hired an investment bank to raise more capital. The gaming operator has...
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...
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...