The Biggest Casino In Singapore : Singapore has chosen Malaysian firm Genting International to build and operate the nation's second casino. It will be the biggest casino in Singapore with full of entertainment, security and high-class facilities which will be launched in 2015.
Las Vegas Sands Corp and Genting Bhd have spent more than $6 billion for the biggest casino in Santosa island, Singapore.
The proposal by Genting and its sister firm, Star Cruises, was favoured over rival bids by Bahamas-based Kerzner and a consortium led by a Las Vegas firm.
Analysts said Genting's $3bn (£1.6bn) bid was expected to win because of its tourist-friendly plan to include a Universal Studios theme park.
Singapore awarded its first casino licence in May to Las Vegas Sands.
Singapore Prime Minister Lee Hsien Loong scrapped bans on gaming and bar-top dancing in an attempt to lure more visitors to Singapore, where Las Vegas Sands Corp. and Genting Bhd. are spending more than $6 billion building casinos. Growth may slow this year as weaker global demand for electronics and a rise in the currency to a nine-year high curbs the island's exports.
The government is also releasing more land for development, adding convention space and building casino-resorts in a bid to transform the city's downtown area to meet an aim of doubling visitor arrivals to 17 million by 2015.
Las Vegas Sands is developing its casino at a waterfront site, which will include a convention center with more meeting space than the city's 50 hotels combined. Genting's casino on Singapore's Sentosa island will include a Universal Studios theme park and the world's biggest aquarium.
More tourists are also visiting the country and staying longer, boosting sales at hotels, restaurants and department stores. International conferences and promotions attracted more than 9.5 million visitors last year, setting a record.
on onestopinfo
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