Las Vegas Sands Marina Bay Casino In Singapore To Open April 27th

A couple of weeks ago, the first casino ever in Singapore was opened by the Genting Group. Now, Las Vegas Sands has announced the date when the other authorized casino will open its doors to customers.

Sands issued a statement on Wednesday announcing that the first stage of Marina Bay Sands will be open on April 27th. That date makes the project ahead of schedule after a long delay caused by the economic recession.

Late in 2009, LVS held an initial public offering in Asia. The company's Asian arm raised enough cash in that offering to re-start the Singapore casino project that had previously stalled. Originally, Marina Bay was expected to be the first casino opened in Singapore, but the delay helped Resorts World Sentosa to grab that title.

Much like many US gaming companies are exploring options internationally, the Genting Group is contemplating a move to the US. No concrete plans have been made, but during the opening of Resorts World, Genting officials alluded to the fact that they had discussed the US as a possible destination.

The first phase of the Marina Bay project will include the casino, a 963 room hotel, a convention center, dining options, and part of a shopping mall. The next phase will be opened in the future, but phase one should be more than enough to disrupt the operations of Resorts World Sentosa.

Analysts believe that Marina Bay will fare better that Resorts World. The Genting Group, however, is still planning on opening a Universal theme park to help Resorts World compete.

February 26, 2010
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
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