Industry Insider by Ray Poirier | Singapore’s $4.4 billion entertainment resort developed by Malaysia’s Genting Group has been granted an early casino license and may open this weekend to take advantage of Chinese New Year. The Casino Regulatory Authority of Singapore announced Saturday it had granted the license for Resorts World Sentosa, a development that is located on a former British military outpost. Genting said it had already opened four premium hotels on the property in anticipation of receiving the license. The opening is considered a coup as it will give the Resorts World Sentosa an advantage over the Marina Bay Sands, being developed by Las Vegas Sands Corp. (LVS). Resorts World Sentosa will open a Universal Studios theme park on the island next month. It already has a plethora of leisure attractions including a marine like park, maritime museum and spa. Two additional hotels will follow later. The government hopes the casinos will boost the country’s tourism appeal. Also the gambling facilities – both Genting and Marina Bay Sands – are expected to offer an alternative to Macau’s gambling sites.
Question? Comment? E-mail me at: Ray Poirier
Post a Comment or visit the Message Boards.
Give your 