Las Vegas Sands Corp. to Operate Singapore's First Casino Complex
28 May 2006
Las Vegas Sands Corp., a prominent U.S. hotel-casino company, was recently awarded Singapore's first license to develop and operate a multi-billion dollar casino, entertainment and convention resort at the Marina Bay site. The Singapore government selected the Sands Corporation from four consortia, a list of which included industry-leading gaming power-houses, such as Harrah’s Entertainment Inc. and MGM Mirage, as well as their Asian partners.
The future venue, to be called Marina Bay Sands, will boast 1.076 million square feet of MICE space (meetings, incentive travel, conventions and exhibition) to accommodate up to 52,000 visitors, rendering it one of the largest such casino facilities in Asia. According to Deputy Prime Minister S. Jayakumar, the casino is an important part of Singapore's strategy to boost the local tourism and services industry.
William Weidner, Las Vegas Sands Corp. President and CEO, was quoted as saying, "Our top priority is to partner with the Government and the people of Singapore to ensure that we deliver on Singapore's economic and social goals to enhance its status as one of the world's greatest travel destinations. We are confident we have the strengths and capabilities to achieve this mandate based on our unique ability to develop successful, iconic Integrated Resorts from the ground-up."
Source: Authorized Online Casinos News Staff
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