Las Vegas Sands Wins Singapore Casino Job
Las Vegas Sands Corp. won a hotly contested license to build Singapore’s first casino, which could be the world’s costliest casino-resort project by the time it opens in 2009.
Singapore last year reversed its decades-old ban on casino gambling.
Las Vegas Sands was selected for a license to build at Marina Bay over three other bidding groups -- MGM Mirage and CapitaLand Ltd.; Harrah’s Entertainment Inc. and Keppel Land Ltd.; and Genting International and Star Cruises Ltd.
The project, on a 50.9-acre waterfront site near the financial district, is likely to cost more than $3 billion, Deputy Prime Minister S. Jayakumar said.
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