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Resorts World Sentosa Casino To Open Sunday In Singapore

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After months of speculation, there finally is a definitive date of when the first casino in Singapore will open. The Resorts World Sentosa casino will open its doors to customers for the first time this Sunday, February 14th.

The date is special to those who will be attending the opening of the casino. The Chinese New Year begins on Sunday, leaving many Singapore residents to celebrate not only the casino's opening, but also the new year.

Macau has been the center of the gambling universe in Asia for several years now, and Singapore is attempting to cut into some of Macau's business. In addition to Resorts World Sentosa, developed by Genting, Las Vegas Sands will be opening a casino resort in Singapore in the near future.

The Sands project, Marina Bay Sands, had been on track to be the first casino opened in the country, but the credit crisis forced the company to shut down the project. Towards the end of last year, Sands held an initial public offering in Asia that raised the funds necessary to re-start the Singapore project.

The casino that will open on Sunday is only part of what Genting is bringing to the people of Singapore. A Universal Studios theme park will also be included, but the rides at Universal are not expected to open until March.

Early prognostications are that the casinos in Singapore will be extremely profitable for Genting. One analyst has the company making $1.20 billion in gross gaming revenue in the first year. After the initial of operation, that figure is expected to drop slightly.

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