Singapore to announce casino winner Friday

26th May 2006

Singapore is to announce this Friday who will be the winning consortium to construct and run the first of two multi-billion-dollar casinos. Four consortia are in the race. This is made up of U.S. gaming groups, property companies, and leisure operators.

They are competing for a 30-year concession that will allow them to run a casino in Singapore’s downtown Marina Bay district.

Las Vegas Sands Corp says its $3.6 billion plan for the resort would make it the costliest in the world.

The casino could open as soon as 2009.

It is seen as a crucial part of Singapore’s strategy to boost its tourism and services sector, especially after the rise of Macau in the gaming industry.


Casions are expected to generate US$13 billion in revenues in the Asia-Pacific region this year.


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