Las Vegas Sands Wins Bid to Build Singapore Resort

HIL ANDERSON, SENIOR EDITOR
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Singapore – Las Vegas Sands Corp. was chosen by Singapore’s government Friday May 26th to build the Marina Bay Integrated Resort, a massive casino, hotel and convention complex designed to spur the nation’s trade show business. Sands’ winning $3.2 billion proposal includes 1.2 million square feet of flexible meeting, incentive, convention and exhibition space. The company  guaranteed the gross floor area would be open for business in 2009.

The resort plan also specifies 2,500 hotel rooms plus 1 million square feet of retail space, three entertainment venues and a casino.

The project will be the first casino built since the Singapore government lifted its ban on gambling halls last year. It also ties in with Singapore’s plan to triple visitor business by 2015.

Las Vegas Sands was chosen for the project over MGM Mirage; Genting Bhd of Malaysia; and a consortium of  Harrah’s Entertainment/Keppel Land/SMG.

Reach Ron Reese, Executive Director of Communications for Las Vegas Sands at  (702) 414-3607.

TSE is working on additional coverage of this news development.