Las Vegas Sands Corp., owner of The Venetian in Nevada, was
awarded the license to build Singapore’s first casino, a
multi-billion-dollar resort set to open in 2009.
The casino-resort at Marina Bay, to be built on 50.9 acres of
waterfront property near the financial district, expected to cost
about $3.85 billion, said Singapore Deputy Prime Minister S.
Jayakumar. Together with the land price and other associated
capital costs, the total investment by Sands would exceed $5
billion.
Jayakumar said Sands’ proposal would strengthen Singapore’s
position as a leading destination for conventions and exhibitions
as well as leisure and entertainment.
The Marina Bay Sands will have about 110,000 square meters of
convention and meeting space, the largest ballroom in Asia, and a
total of about 2,500 rooms across three hotel towers, including
more than 2,300 five-star Luxury Gardens rooms and more than 100
five-star plus suites.
The complex also will offer a range of leisure products
including world-class entertainment in two 2,000-seat theaters, and
an ArtScience museum whose rooftop at night becomes an Amphitheatre
with tiered seating for 3,000 people to view a Light and Water Show
along the waterfront promenade.
The development is envisioned to feature luxury retail outlets,
and unique dining venues such as the floating pavilions in the
Marina Bay.
And developers said there will also be public open space and
activity venues such as an ice-skating rink and indoor canals, and
the Sky Park above the hotel towers will provide 360-degree views
of Marina Bay, the city and the future Gardens-by-the-Bay.
