Las Vegas Sands to Build Singapore Casino
Las Vegas Sands Corp., one of the world's largest casino operator, has won the bid to build Singapore's first casino, the government said Friday. The casino-resort at Marina Bay, which will be built on a 50.9-acre waterfront site near the financial district, is likely to cost more than 5 billion Singapore dollars ($3.16 billion), Singapore's Deputy Prime Minister S. Jayakumar told a press conference.
Currently, the world's costliest casino is the $2. 7 billion Wynn Las Vegas that was completed late last year. Las Vegas Sands beat off competition from three other bidding groups MGM Mirage and CapitaLand Ltd., Harrah's Entertainment Inc. and Keppel Land Ltd., and Genting International PLC and Star Cruises Ltd.
May 27, 2006
Posted By Larry Rutherford
Staff Editor, CasinoGamblingWeb.com
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