Las Vegas Sands Announces Opening Date For Singapore Casino
Las Vegas Sands (LVS: 26.69 0.00%) has announced the long awaited grand opening of Marina Bay Sands Integrated Resort Singapore.
Marina Bay Sands will open to the public on April 27 pending its gaming license with Singapore’s Casino Regulatory Authority.
Chief Executive Thomas Arasi has said that phase one will open with 963 hotel rooms, a portion of the shopping mall and convention center, restaurants and casino, subject to construction proceeding as scheduled.
The second phase of the US $5.5 billion resort will include the opening of additional retail space, dining outlets and the Sands SkyPark, scheduled for June 23.
“We are intently focused on meeting our construction timeline and preparing our team for opening and operating this extraordinary destination,” Mr. Arasi said in a statement.
The resort destination marks the companies first development in South Asia and is expected to generate $1 billion in annual profits.
The launch of Marina Bay Sands, in combination with our significant presence in the growing Macau market, positions us to realize substantial long-term financial benefits through our proximity to many of the world’s fastest growing economies, both in North and South Asia. It will also make us less dependent on our operations in locations where the economy is still working to recover,” said Michael Leven, the company’s president and chief operating officer.
Join the forum discussion of this news story - (1) PostsRelated posts:
