Tabcorp Partners with P&O to Vie for Singapore Casinos

P&O Princess Cruises International Ltd has been joined by Tabcorp Holdings Ltd. in its bid for permission to build and operate one of Singapore’s new casinos. P&O signed a memorandum of understanding with Tabcorp, agreeing to investigate sales and marketing opportunities in Singapore and Australia.

P&O Princess Cruises has already prepared a bid, although official bidding will not begin until at least Q3 2005. With Tabcorp’s help, P&O hopes that the chances of winning operation rights for one of the casinos will improve.

The two Singapore casinos will be located in Marina Bay near the city center and on Sentosa, a resort island.

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