Las Vegas Sands Wins Hotly Contested Singapore Casino License
Singapore on Friday awarded a hotly-contested license to build the city-state's first casino to the U. S. casino operator Las Vegas Sands Corp. owner of The Venetian in Nevada.
The Singapore casino project could be the world's costliest by the time it opens in 2009. Singapore last year reversed its decades-old ban on casino gambling, and said it would award licenses to operate a casino resort at Marina Bay and another on the resort island of Sentosa to boost tourism and help the city-state shed its straight-laced image. U.S. casino operators have been rushing to expand in Asia to tap the region's fast-growing ranks of millionaires and middle-class consumers. Las Vegas Sands was selected for the Marina Bay license over three other bidding groups.
May 27, 2006
Posted By Bob Hartman
Staff Editor, CasinoGamblingWeb.com
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