SINGAPORE - Singapore's first integrated resort (IR) is on track to open by the end of the year despite the global financial and tourism slump, project developer Las Vegas Sands said on Wednesday.
At least half of the Marina Bay Sands complex, which is located in Singapore's financial district, will be operating commercially at the end of 2009
The resort is one of two integrated projects under development in Singapore. A second one is being built on nearby Sentosa island, which has beach, golf and yachting facilities.
The Marina Bay Sands, with an investment cost of over US$5 billion, was Singapore's first IR project to be awarded, in 2006. Apart from gaming, the complex will also include hotel, convention, luxury retail and performing arts facilities.
(Extract from The Business Time Report)
Wednesday, March 4, 2009
Marina IR on track to open late 2009
