Vegas Sands To Build Casino

Las Vegas Sands, the world's top casino operator, has been picked to build and run Singapore's first casino (An Integrated Resort at Marina Bay), a project that will cost more than S$5bil - 26 May 2006. Singapore has selected gaming firm Las Vegas Sands to build and operate the nation's first casino - Singapore aims to attract Asian gamblers and boost tourism revenues. The casino project is set to cost more than USD3 billion and Singapore says it wants the waterfront site to become an emblem for the city-state. Sands had submitted the best overall proposal that meets the economic and tourism objectives of Singapore, Deputy Prime Minister S. Jayakumar told a news conference yesterday, adding that Sands had also committed the highest investment. In the running was Malaysia's Genting International, MGM Mirage and Harrah's Entertainment are the three other bidders who submitted their bids for the Marina Bay project.

Updated On: 08.08.11