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Old May 26th, 2006, 06:09 PM   #21
RafflesCity
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Not really...in the sense that a lot was reported about it, particularly its convention potential prior to the announcement.

Las Vegas Sands wins bid to build Singapore's first integrated resort

26 May 06



SINGAPORE : Las Vegas Sands has hit the jackpot by winning the bid to build Singapore's first integrated resort, to be called The Marina Bay Sands.

It staved off fierce competition for the Marina Bay project from three other bidders - Genting International and Star Cruises, Harrah's Entertainment and Keppel Land, and MGM Mirage along with CapitaLand.

The award of the project follows an in-depth two-stage bidding process which started in December 2004 and attracted 19 bids from consortiums in Australia, South Africa and the US.

The integrated resort will be a centrepiece of the Marina Bay landscape come 2009.

At a news conference on Friday, Deputy Prime Minister S Jayakumar said that among the four bidders, Las Vegas Sands had committed the highest development investment of S$3.85 billion.

With the land price and associated capital cost, its total investment will exceed S$5 billion.

Said Prof Jayakumar, "Sands has submitted the best overall proposal that meets our economic tourism objective. In particular, the proposal will significantly strengthen Singapore's position as a leading MICE destination and the proposal also possesses unique design elements that will provide a memorable image for Marina Bay."

Sands, which owns The Venetian on The Strip and Sands Macau, is set to go big on conventions for its Marina project, setting aside enough convention space to host up to 54,000 delegates.

Its offer will also include an ArtScience museum, six signature restaurants with celebrity chefs and two theatres with a seating capacity of 2,000 each.

The operator has also pledged to provide over 10,000 jobs at the Singapore resort, with 75 percent of them going to the locals.

Sands also fulfilled the key criteria such as tourism appeal and architectural concept and design.

Said National Development Minister Mah Bow Tan, "It also has several key attributes which make it stand out from among the proposals. First of all, the overall composition of the proposal fits very well with the existing and the future developments on the Bay.

"It has a unique architecture which provides an exciting addition to the Marina Bay, for example, the hotel towers are set back from the waterfront, it will open up expansive view to the city as well as to the entire Marina Bay. It'll also make the Singapore skyline in the new downtown even more attractive and distinctive."

Sands has support from City Developments, although the local property developer is not taking an equity stake in the project.

In a statement, Las Vegas Sands said it felt "honoured" to have been picked to build and operate Singapore's first integrated resort.

Group president and COO William Weidner said he was looking forward to now partnering the Singapore Government in enhancing the city-state's status as one of the world's great travel destinations.

Mr Weidner said, "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."

The next step will be ramping up its development plans to deliver on its promise of completing the entire project in 2009.

The old thread can be found here
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Old May 26th, 2006, 06:18 PM   #22
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Damn aluring design!!
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Old May 26th, 2006, 06:36 PM   #23
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NOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

anyone knows libeskind and KPF's designs?
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Old May 26th, 2006, 06:49 PM   #24
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Las Vegas Sands looks forward to helping S'pore become MICE hub

26 May 06



Executives from the Las Vegas Sands Corp will be jetting to Singapore next week, after the company was named the surprise winner of Singapore's first integrated resort bid.

For now, the company has issued a statement saying it feels "honoured" to have been picked to build and operate Singapore's first integrated resort at Marina Bay.

It also said it looked forward to helping Singapore meet its tourism goals, in particular its aim to transform the city into a hub for Meetings, Incentive travel, Conventions and Exhibitions (MICE) by 2015.

To be built at a cost of more than S$5 billion, Marina Bay Sands will provide additional exhibition and convention space that is two-and-a half times that of Suntec City.

With 2,500 new hotel rooms and a host of entertainment, retail and F&B facilities, the integrated resort is set to help meet Singapore's tourism targets for 2015.

While the selection committee led by Deputy Prime Minister Professor Jayakumar was full of praises for Sands' tender, its win was a shock

DBS Vickers Securities' executive for equity research, James Tan, said: "I think it comes as a surprise to us, given that we were gunning for MGM and CapitaLand to actually win the Marina IR bid. Definitely, Las Vegas Sands' bid naturally comes as a surprise to us."

The committee says Las Vegas Sands, which came in with a S$3.85 billion bid, has the best overall proposal compared to the other three contenders.

Trade and Industry Minister Lim Hng Kiang said: "Their ability to execute a resort casino in Macau currently, that also shows their ability to execute big projects. Sands of course have the Venetian in Las Vegas, and they're right now building a new piazo - 3,000-room casino resort. So it shows that they have execution capability."

The minister said the integrated resort is not only expected to increase tourism receipts but also value add some S$2.7 billion to Singapore's Gross Domestic Product.

Analysts Channel NewsAsia spoke to believe City Developments may act as a consultant to Las Vegas Sands and help the project in terms of understanding the local market and construction details.

DBS Vickers Securities' James Tan said: "I think the implications for Las Vegas Sands would definitely be positive on Las Vegas Sands and stock, and it will add to their portfolio of casinos they already have in Macau. And now with a presence in Singapore as well, that will add to their portfolio of casinos in Asia."

Sands is expected to make a payment of S$1.2 billion for the land at Marina Bay within the next 90 days.

According to tender agreement, construction must start within the next three years and it must be completed no later than 2014.

Analysts predict shares of losing bidders CapitaLand, Keppel Land and Genting International could suffer next week.

By Johnson Choo, Channel NewsAsia




architecture that gets people talking
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Old May 26th, 2006, 06:59 PM   #25
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The Hotel tower feels tall.....
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Old May 27th, 2006, 01:39 AM   #26
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May 27, 2006
DESIGN
Architecture fits well with plans for area

By Daryl Loo

THE Sands design proposal included plenty of places where people can just shoot the breeze and enjoy uninterrupted views from any place in any building.

Most prominent is a 1ha sky park - bigger than two football fields - set on top of three hotel towers 50 storeys up, providing a 360-degree view of the city.

The hotels themselves are located a distance from the waterfront, so guests in their rooms are treated to expansive views of the city skyline and the entire Marina Bay. And for those viewing the new Marina Bay Sands integrated resort (IR) from across Marina Bay, the spaces between the hotel towers frame the spectacle of the proposed Gardens on the Bay right behind it.

This architectural integration with the existing and future developments on Marina Bay was what stood out in the Sands proposal, said National Development Minister Mah Bow Tan yesterday. He noted the importance of the winning IR proposal fitting in well with what has been planned for Marina Bay: a massive extension of Singapore's new downtown area that includes a new financial hub, gardens, and the Esplanade.

Architectural design represented 30 per cent of the evaluation criteria, the second-highest of the four factors considered.

In picking the top design, the ministers were guided by the recommendations of a panel of prominent local and foreign architects headed by Urban Redevelopment Authority chairman Cheong Koon Hean. Its members were the URA's chief planner, Mrs Koh Wen Gin, local architects Alan Choe, Mok Wei Wei, and Rita Soh, and Professor Philip Cox of Australia and Professor John de Monchaux from the United States.

They took two days in April to evaluate the proposals submitted by the four bidders - based on the 'iconic' quality of its architecture and how well it is integrated with the surroundings - before submitting a report to the ministers.

According to Mr Mah, Sands was the clear favourite for these experts. 'In each of these areas...the Design Evaluation Panel recommended that the Sands proposal was superior to the others, for example, its composition, the setbacks of the buildings, the opening up of the views across the city, across the bay,' he said.

On the other hand, Mr Mah pointed out that the other proposals were lacking in one or two aspects, such as in terms of pedestrian circulation, their layout, and how the overall design fitted into Marina Bay.

The designer for Marina Bay Sands is US-based architect Moshe Safdie, responsible for the Salt Lake City Public Library in the US, the Yad Vashem Holocaust Museum in Israel, and The Edge on Cairnhill here. Other stand-out elements in his design proposal were the ArtScience Museum that resembles the shape of a hand making a welcoming gesture, and greenery over building facades and roof terraces to go with Singapore's tropical 'Garden City' image.

Copyright © 2005 Singapore Press Holdings. All rights reserved.
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Old May 27th, 2006, 01:49 AM   #27
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May 27, 2006
TOURISM
Why Las Vegas Sands won Marina Bay bid
Gamble on Mice paid off

By Arti Mulchand

MICE, apparently, was what helped Las Vegas Sands win the bid for Singapore's first casino resort at Marina Bay.

Not the rodents, but the meetings, incentives, conventions and exhibitions (Mice) business that is one of the cornerstones of Singapore's drive to attract visitor dollars.

The US casino operator emphasised its Mice strengths in its bid - and the gamble paid off. When Deputy Prime Minister S. Jayakumar announced Sands as the winner yesterday, he said its proposal would 'significantly strengthen Singapore's position as a leading Mice destination'.

The 110,000 sq m convention space - the equivalent of two National Stadiums - that Sands will build will provide more than half the 200,000 sq m Mice area that authorities had envisioned for Marina Bay by 2015, said Minister of Trade and Industry Lim Hng Kiang.

Its 2,500 new hotel rooms in three towers will represent a quarter of the 10,000 projected for the Marina Mice cluster.

The convention space will include a 9,200 sq m column-free Grand Ballroom that can hold 8,000 people and which will be the largest in Asia.

None of the other three had banked as heavily on the Mice sector as had Sands, though MGM Mirage-CapitaLand plans had also included plush convention facilities.

Las Vegas Sands has said it could bring in 20 annual exhibitions and more than 350 business meetings here every year.

In addition, Sands' plan to target the pharmaceutical, biotechnology, and banking and finance sectors was also relevant to Singapore's core competence.

Sands is confident it can fill 75 to 90 per cent of its hotel rooms. It hit those targets in its casinos in Las Vegas and Macau, and could attract at least another 700,000 visitors here every year, it had said previously.

Its entertainment offerings also strengthened its bid as they dovetailed nicely with Singapore's tourism agenda: more venues for large-scale events and productions.

It will build two 2,000-seat theatres, which will plug a 'gap' in Singapore's event space needs, said a spokesman for the Urban Redevelopment Authority.

The resort also boasts a 3,000-seat amphitheatre above the ArtScience Museum, where a nightly light and water show will be held, as well as events and performances. Then there is the events 'piazza', which can accommodate 10,000 people.

Other factors that worked in Sands favour included the ArtScience museum, which will showcase the relationship between the arts and sciences.

Tourism appeal accounts for 40 per cent of the score when the the bids were assessed.

The Singapore Tourism Board (STB) is aiming to triple visitor receipts to $30 billion and create 100,000 new jobs within 10 years. It hopes to attract 17 million visitors by 2015, from less than 9 million currently.

Mr Lim said: 'When we look at tourism appeal, we are looking at several key areas. One is the Mice, second is entertainment, third is attractions, fourth is the retail and dining experience and fifth will be the type of gaming business that comes.

'We look at the overall attraction, the overall concept put together. So based on all these variable components and the overall concept, Sands also was clearly the best proposal.'

[email protected]

Copyright © 2005 Singapore Press Holdings. All rights reserved.
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Old May 27th, 2006, 06:40 AM   #28
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Scanned from the Business Times:

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Old May 27th, 2006, 06:44 AM   #29
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im sorry but this is very tacky
a city needs more than a casino to attract business

it reminds me of the Simpson's episode when Mr Burns built a casino in Springfield

Last edited by zach24; May 27th, 2006 at 06:52 AM.
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Old May 27th, 2006, 07:38 AM   #30
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This story was printed from TODAYonline

Marina Bay IR decision not left to the laymen: Mah

Weekend • May 27, 2006

Ansley Ng
[email protected]

IT TOOK two months and input from a high-level group of more than 20 people — including Ministers, urban planners and foreign architects — to pick Las Vegas Sands to build Singapore's first integrated resort (IR).

It was also a "technical and highly complicated process" that needed input from independent and "renowned" architectural experts, said National Development Minister Mah Bow Tan.

"We are all laymen ... we look at the picture and we have different views," said Mr Mah at the press conference held to announce the winner on Friday. "But we thought, let's have the experts together and let them assess the proposals, including the details, to the extent of determining of how easy is it to execute and how practical it is."

The Ministers who gave the final nod were guided by the Design Evaluation Panel, chaired by Mrs Cheong Koon Hean, CEO of the Urban Redevelopment Authority (URA).

Other members of the panel included URA's chief planner and deputy CEO, Mrs Koh Wen Gin; President of the Singapore Institute of Architects Rita Soh; award-winning architect Mr Alan Choe; as well as foreign architectural experts Professor Philip Cox from Australia and Professor John de Monchaux from the Massachusetts Institute of Technology in the United States.

"The Design Evaluation Panel made the recommendation that the Sands design was superior to others, in terms of composition. In terms of the design, we felt that the other proposers were lacking in one or two of the aspects. For example, in terms of pedestrian circulation, in terms of the layout (and) of how the design fitted into the Bay," said Mr Mah.

"All the proposals had their strengths, but when you put it all together as a package, Sands' proposal was superior to the others."

Plans on paper aside, bidders also had to give two presentations: One to a Tender Evaluation Committee, chaired by Permanent Secretary in the Ministry of Finance Lim Siong Guan, and the other to the Tender Approving Authority (TAA), made up of five Ministers led by Deputy Prime Minister Prof S Jayakumar.

When asked why the public's views on the design were not sought, Mr Mah said: "We could not put four pictures on the table and let the public decide. It is a technical process and a highly complicated process and we wanted expert opinions on this."

Apart from being swayed by the looks, the committees were also pleased with the business plans that Sands — the strongest of the four in the conventions industry and one with good grounding in an Asian market — had to offer.

"We took the overall strength, the financial feasibility of the business plan," said Second Minister for Finance Raymond Lim, who is also in the TAA.

Dr Vivian Balakrishnan, Minister for Community Development, Youth and Sports, added that Sands had the advantage, based on their "access to the Chinese market, and the familiarity with tapping into this market".

To ensure bidders understood what the Government wanted, a website was also set up by the Singapore Tourism Board to take questions after bidders collected their proposal forms last November, said the board's CEO Lim Neo Chian.

Copyright MediaCorp Press Ltd. All rights reserved.
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Old May 27th, 2006, 07:48 AM   #31
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Quote:
Originally Posted by zach24
im sorry but this is very tacky
a city needs more than a casino to attract business

it reminds me of the Simpson's episode when Mr Burns built a casino in Springfield
honestly thats being a bit simple-minded

if you read through the purpose of this project, you'll find that the casino isnt the only thing going for this project, the planners here cant be that obtuse, and the developer wouldnt be silly enough to pay such high development costs if it doesnt make business-sense.

As for tacky-design, I dont think it wants to blend in totally with the existing buildings and why should it? Its meant to be an attraction. In terms of its contribution and enhancement of the existing urban fabric, I think it does really well.

Its actually about the BIG convention business really

Quote:
5 May 2006

S'pore: Asia's No.1 convention city for 7th time

SINGAPORE has been named Asia's Top Convention City for the seventh time since 1995.

This is according to the Amsterdam-based International Congress and Convention Association's (ICCA) ranking, which is one of the most prominent organisations in the world of international meetings.

It also placed Singapore at No. 2 on the rankings for the world's Top Convention City for the second year.

Vienna took the top spot while Barcelona ranked third.

Singapore hosted a total of 125 international conferences last year, a 20 per cent increase from 2004, while Vienna hosted 129 conventions and Barcelona hosted 116.

The ICCA rankings take into consideration business events that are organised on a regular basis, attract international visitors and which rotate among a minimum of three countries.

Said Mr Aloysius Arlando, Singapore Tourism Board's (STB) assistant chief executive of business travel and meetings, incentives, conventions and exhibitions (Mice) group: 'We are fully aware that competition is fiercely heating up and the STB is committed to working together with our industry partners to build up a robust pipeline of business events to maintain our leadership position.'

STB will launch a marketing campaign in the second half of this year which will include roadshows and Mice seminars organised together with industry partners and regional office, said STB in a press statement yesterday.


btw....there's also another Integrated Resort being planned for Sentosa
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Old May 27th, 2006, 08:01 AM   #32
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Quote:
Originally Posted by RafflesCity
Its actually about the BIG convention business really

btw....there's also another Integrated Resort being planned for Sentosa
Yes.....the convention business is whats they are gunning for with the Marina Bay Sands.....

As for Sentosa, I expect them to go big on the theme park and less on retail (vivocity is just nearby) and convention.......
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Old May 27th, 2006, 08:05 AM   #33
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Exactly, the project planned for Sentosa would be suitable for Sentosa in its concept as a leisure island, while this project is aimed at a different market and atmosphere.

Asia is booming....lots of tourists on the way
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Old May 27th, 2006, 08:11 AM   #34
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Quote:
Originally Posted by RafflesCity


Exactly, the project planned for Sentosa would be suitable for Sentosa in its concept as a leisure island, while this project is aimed at a different market and atmosphere.

Asia is booming....lots of tourists on the way
Yeah.....and with budget airlines, the potential is huge.....
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Old May 27th, 2006, 10:16 AM   #35
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That's an amazing proposal. I'm looking forward to the ArtScience museum.
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Old May 28th, 2006, 05:26 AM   #36
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I hated it once, but I guess the design does grow on you with time, plus the fact that one has to love it since its gonna be stuck with the skyline for a long time to come. From certain angles and with different lighting, it actually would look quite nice. And the convention centres do fit well with Marina Bay.

Since there will already be one IR in Marina Bay, it would seem weird for it to be alone. There definitely is space for at least another one at Marina Bay IMO.
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Old May 28th, 2006, 03:38 PM   #37
babystan03
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Quote:
Originally Posted by ignoramus
Since there will already be one IR in Marina Bay, it would seem weird for it to be alone. There definitely is space for at least another one at Marina Bay IMO.
Hmm....2 IR within such near vicnity?? Dun noe......that depends on the number of tourist i think......
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Old May 29th, 2006, 08:18 AM   #38
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Tan Hock Beng was prophetic when he warned against the New Downtown turning into a playground of corporate symbols standing for everything a sophisticated society shouldn't endorse. This was in 2002 of course, when Tay Kheng Soon was still outlining plans for a university and tropical architecture at the new city.

I wish our New City was built on ideals and not soulless economic sense. Have they under valued the Pompidou proposal? What's the worth of a casino beyond economic profit projections? Does it cheapen the prospects of Singapore being a global city? IMO, the casino is not worth the millions it will bring in unless it translates into cultural infrastructure. Singapore doesn't need more money, it needs more support for the arts and an intelligent population in order to become a global city.

Since this proposal has won, i'd like to see if there is more substance to the Art Science Museum component. It hardly sounds like a viable cultural entity even against our own existing museums.
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Old May 29th, 2006, 08:29 AM   #39
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Quote:
Originally Posted by ignoramus
I hated it once, but I guess the design does grow on you with time, plus the fact that one has to love it since its gonna be stuck with the skyline for a long time to come. From certain angles and with different lighting, it actually would look quite nice. And the convention centres do fit well with Marina Bay.

We don't have to love it just cos we're stuck with it. If Singaporeans learned to resent the decisions made by their elitist government just a bit more (recent articles have reflected govt opinions that Singaporean "laymen" were unqualified to vote on their new casino), maybe one day we will finally get our vote against the UFOs and durians that the government keeps selling us out on.

Maybe its just cos we've learnt to to censor ourselves from opposition too much. Am i the only one who hasn't gotten over the UFO with flayed human skin for a Civil Court and the durian Concert hall and the Nuclear Silo Casino... I want our initiative on Architectural and Urban Design Excellence (AUDE) to translate into better architecture already.
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Old May 29th, 2006, 12:15 PM   #40
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May 29, 2006
Sands ready to 'roll up sleeves', get started on Marina IR

LAS Vegas Sands (LVS) says it is 'ready to roll up its sleeves' and begin work on The Marina Bay Sands.

'Now, it is time to get our team on the ground and help the Singapore government meet the objectives they have laid out for us,' said its Chairman and Chief Executive Officer Sheldon Adelson.

He said LVS will be sending its Executive Vice-President, Mr Brad Stone, and Vice-President of Construction in Macao, Mr Matthew Pryor, to advance the development planning process in Singapore.

LVS' statement on Monday came three days after it was awarded the contract to develop the integrated resort (IR) at Marina Bay. The resort will include a casino.

LVS estimates that total employment generated by the IR would amount to over 30,000 jobs by 2015 of which approximately 10,400 positions will be at The Marina Bay Sands.

Over 75 per cent of the jobs created, including key management positions, will be offered to Singaporeans to expand the skill sets of Singaporeans and provide a viable career path in the IR and service industry.

To help provide a talent pool that can deliver on a high quality customer experience, Mr Adelson said LVS aims to 'raise service standards and the image of the service professions in Singapore in coordination with the Singapore Government and local training and educational institutions'.

Employment and re-skilling of older workers will be another key focus of its human resource strategy.

It plans to provide a higher level of assistance for the training of older workers to help them upgrade or re-skill themselves.

LVS, which beat out competitors MGM-CapitaLand, Harrah-Keppel Land and Genting International, has promised to pump more than $5 billion into the Marina Bay resort,making it one of the costliest resorts in the world.

The IR is expected to add $2.7 billion, or 0.8 per cent, to the Singapore economy by 2015.

Headquartered in Las Vegas, LVS owns The Venetian Resort Hotel Casino and the Sands Expo and Convention Centre. In Asia, it owns the Sands Macau and is also developing other casino hotel resort properties there, including the Macao Venetian Casino Resort.

Copyright © 2006 Singapore Press Holdings. All rights reserved.
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