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Marina Bay Sands Casino In Singapore To Partially Open Tuesday

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Las Vegas Sands decided several years ago that the time was right to make a splash globally in the gaming industry. On Tuesday, the company will take another step towards meeting that goal when they open a portion of the long-anticipated Marina Bay Sands casino resort in Singapore.

Sands, based out of Las Vegas, and the Genting Group, based in Malaysia, will have the only rights top operate casinos in Singapore. The Genting Group has already opened their facility, and Sands will follow suit this week.

The Marina bay Sands is projected to be one of the finest gaming resorts in the world. LVS has poured billions of dollars into the project that just a short time ago some analysts believed would not be completed because of the economic recession and credit meltdown in the US.

Last year, however, Sands held an initial public offering in Asia. The funds raised from that IPO have been used to re-start gaming projects in both Singapore and Macau. The company's stock has soared in recent weeks as a result of the improving economic conditions.

Marina Bay Sands will have a hotel with 2,500 rooms when completed. This week, the facility is expected to open about one-third of those rooms. Restaurants and retail stores will also be open, but only around ten percent of these options are complete. The casino floor will be open on Tuesday.

Whether or not Sands' new facility can be successful depends on how they can draw from Asian countries outside of Singapore. Like Las Vegas and Atlantic City in the US, Singapore's gaming industry will be driven by high rolling Asian gamblers.

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