Singapore has selected Malaysia's Genting International on Friday to build the highly anticipated $3.4 billion casino resort at Sentosa Island, a small island south of the city. The project's name is Resorts World at Sentosa.
Genting was one of three companies that competed for the project. The two other bidders were Kerzner International, which partnered Singapore's CapitaLand, and Las Vegas firm Eighth Wonder which led the consortium of Australia's Publishing and Broadcasting, Hong Kong's Melco International Development and Isle of Capri Casinos Inc.
Genting was considered the favorite candidate for the integrated resort site. The largest publicly traded gaming company in Asia will incorporate a Universal Studios theme park with special attractions such as a swim-with-the-sharks aquarium, a water park, a museum, three public amphitheaters and six hotels. And of course, a 45,000-square-feet casino with approximately 300 tables and up to 2,500 gaming machines.
Genting has more gaming interests on four continents, and in October purchased Stanley Leisure, Britain's largest casino operator.
The Sentosa project is expected to add about 0.8 percent to Singapore's annual gross domestic product and generate 30,000 jobs by 2015.
Email this page
Print this page
Bookmark with del.icio.us
