Wynn to bid for Singapore casino

Apr 26, 2005 5:53 AM

By staff and wire reports

Casino operator Wynn Resorts Ltd. has advanced to the second round in the bidding to build casinos in Singapore, a company official said Monday.

"We are committed to continuing our participation in the process initiated by the Singapore government and look forward to working with the governmental agencies to develop a new, exciting destination," said Ron Kramer, president of Wynn Resorts Ltd. "This news is a great start to an exciting time as we prepare for the opening (on Thursday) of our Wynn Las Vegas Resort & Country Club."

No details of a future Wynn Singapore have been released. Next year, Wynn is expected to open a mega resort in Macau.

After months of debate, Singapore said last week that it would lift a decades-old ban to allow the building of two resorts with casinos, in a bid to boost tourism and overhaul Singapore’s conservative image.

Singapore received 19 proposals for casinos. The Singapore Tourism Board began meeting last week with some of the bidders.

The tourism body refused to reveal how many groups made the cut. Local media reports say South Africa’s Peermont Global, Sun International, Bahamas-based Kerzner International, Harrah’s Entertainment, MGM Mirage, Las Vegas Sands, Australia’s Tabcorp Holdings Ltd. and Malaysia’s Genting Berhad are still in the running as well.