This announcement was made by the Singapore government today evening.
The winning proposal for the 49-hectare site on the resort island of Sentosa trumped two other bids submitted by Eighth Wonder and Kerzner.
It came amidst much speculation that it would be awarded to a dark horse. The objective of the IR is that it should be family-oriented and enhance Sentosa’s offerings.
"We wanted a large-scale family-oriented resort that would draw a large number of new visitors to Singapore," deputy prime minister S. Jayakumar told a briefing where he announced the decision.
Genting offered the most compelling proposal.
The resort is expected to operate from 2010.
- Genting to include biomed research centre in its Sentosa IR bid
- Greater transparency and more disclosure in Sentosa IR bid
- No matter who wins IR bid, Sentosa benefits
Source : Travel Weekly & Reuters
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