Singapore's Tourism Board has announced that Tuesday's deadline for submitting proposals for building and operating Singapore's second casino resort was met by three teams. Malaysia's Genting International PLC and Star Cruises Ltd.; Las Vegas casino resort developer Eighth Wonder Asia; and Kerzner International and Singapore's own CapitaLand Ltd. Have all submitted their proposals for the resort on Sentosa Island.
Lim Neo Chian, deputy chairman and chief executive of the Singapore Tourism Board, referred to the three bidders as "accomplished players."
According to Chian, the winning bid would be announced by the end of the year.
Last year Singapore went on to legalize casino gaming. Singapore said it will allow two casino resorts to be built. The first was awarded in May to Las Vegas Sands Corp whose casino resort is scheduled to open by July 2009 with a total cost of $3.6 billion.
Genting International proposes to build an immense Universal Studios theme park if it wins the bid and is considered to be the leading candidate in the Sentosa race. On Monday, a Merrill Lynch report evaluated Genting's chances to win at 75 percent.
A statement issued by the company on Tuesday said that its $3.1 billion resort would add 45,000 jobs to Singapore and is expected to attract 10 million visitors by 2015.
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