 Earthtimes (press release) |
Exciting times are ahead for casino gamblers. Sands have just opened a second casino in Singapore. Here’s the news from Reuters:
Sands CEO says Singapore casino to break even in 5 yrs
Reuters SINGAPORE, April 27 (Reuters) – Las Vegas Sands said it expected to recoup its $5.5 billion investment in the Marina Bay Sands in five years as it opened the casino on Tuesday, banking on Asia’s appetite for gambling remaining strong.
The Marina Bay Sands is the second casino to open in Singapore since it legalised casino gambling in 2005.
Sands, the world’s biggest gaming firm by market capitalisation, opened the first stage of its complex, including the casino, about 950 hotel rooms, and part of the retail and convention space.
The firm, along with U.S. rivals Wynn Resorts (WYNN.O) and MGM-Mirage (MGM.N), already have footholds in Macau, which is now the world’s biggest gambling centre.
The Singapore casino opened at 3:18 p.m. local time (0718 GMT), an auspicious moment as in Cantonese it sounds the same as “business will prosper”… Read the whole article here… |
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