Las Vegas Sands Wins Bid For Singapore's First Integrated Resort
Las Vegas Sands has won the bid to build Singapore's first integrated resort. The project will be called The Marina Bay Sands. The other three bidders are Genting International and Star Cruises, Harrah's Entertainment and Keppel Land, and MGM Mirage along with CapitaLand.
At a news conference on Friday 26 May 2006, 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.
At a news conference on Friday 26 May 2006, 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.
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