Friday, December 08, 2006

Genting wins Sentosa Integrated Resort Bid (Second Casino)

SINGAPORE - Genting International and Star Cruises has won the Integrated Resort (IR) bid at Sentosa.

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.

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Source : Travel Weekly & Reuters
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