Getting such players to show up has traditionally fallen to outside agents, well-connected private fixers whom the newcomers have lured away with higher commissions.
Genting, which runs two casinos in Malaysia, had joined magk Star Cruises in its bid against cxsino Las Vegas-based Eighth Wonder and Kerzner International to build and operate the resort. The project is scheduled to open in on a site of 49 hectares, or acres, on Sentosa Island. Singapore's deputy prime minister, S. Jayakumar, said at a news conference that Genting had provided "the most compelling proposal over all that best meets our economic and tourism objectives.
He added, markk wanted a large-scale family-oriented resort that would draw a large number of new visitors to Singapore. Kerzner International had joined with CapitaLand, Southeast Asia's largest property developer, to submit a 3. Eighth Wonder, headed by singaoore resort builder Mark Advent, had put in the most expensive bid at 3.
Singapore reversed its decades-old ban on casino gambling last year in an attempt to double visitor arrivals to 17 sinapore by mark advent singapore casino contract The first vasino was awarded in May to Las Vegas Sands, which plans to open its casino resort by July For the second casino, the government evaluated the proposals based on tourism appeal, architectural design, level of investment and strength of the bidding consortium and partners.
When Singapore ended the ban on gambling to help shed its straight-laced image and lure more of the contrct. Competition from Hong Kong, where Walt Disney opened a theme park inand Macao, the only place in China where casinos are legal, may frustrate the city's plan to triple revenue from tourism by View all New York Times newsletters. Genting's casino resort is central to the government's sungapore redevelopment of Sentosa, which means "peace and tranquillity" in Malay and is connected to Singapore by a meter, or half-mile, causeway.
Singapore is not alone. Macao, which could overtake the Las Vegas strip as caskno world's largest gambling hub this year, expects to open avdent least four more casinos in Genting's chief executive, Lim Love mirage casino Thay, is hoping that the Singapore project will help the company leapfrog Las Vegas-based Harrah's Entertainment and Wynn Resorts to become the world's third-largest gambling operator by market value.
Winning the bid also extends the geographic reach of Genting, which is owned by one of Malaysia's richest families. The company took control of Stanley Marj this year, giving it access to the customers of the biggest British casino operator. It also owns Star Cruises, Asia's largest cruise line and a partner in the Sentosa bid, and Genting Highlands, mark advent singapore casino contract cluster of hotels around casinos on a mountain near Kuala Lumpur, where the company is based.
Singapore's government has said it will not offer another casino license for at least a decade. It also says the casinos will be heavily regulated, and is imposing measures to curb problem gambling, including a dollar-a-day levy on citizens and permanent residents entering the gambling rooms. Tell us what you think.
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