I don’t have much time today–I’m off to Mandalay Bay for the LV Marathon expo–but this is newsworthy:
Singapore awarded its second casino resort contract Friday to Genting International, whose proposal of a venture worth 5.2 billion Singapore dollars is intended to lure thousands of visitors with a Universal Studios theme park and a huge outdoor marine park.
Genting, which runs two casinos in Malaysia, had joined with Star Cruises in its bid against the Las Vegas-based Eighth Wonder and Kerzner International to build and operate the resort. The project is scheduled to open in 2010 on a site of 49 hectares, or 121 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, “We wanted a large-scale family-oriented resort that would draw a large number of new visitors to Singapore.”
Genting wins Singapore casino license – Business – International Herald Tribune