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The second Singapore casino gets the green light

Today the Singapore government gave the go-ahead to the second casino in the country.

Singapore proposed casinoThe new casino, Resorts World Sentosa, is a $3.4 billion project and will be build on the Sentosa Island in Singapore. The company building the casino is Genting International, which had a little brush with the local government when ties were discovered between them and the casino tycoon Stanley Ho in a Macau project. Gentling Intl. later withdrew from a partnership with Ho.

The casino will be build on 121 acres and is set to finish in 2010. According to government officials, there are no more issues, and the building of the casino can start.

The Singapore gambling market is relatively undeveloped, as its ban on casinos was just lifted in 2005, with the hope of attracting tourism to the region. The project is expected to go over the budget, as in January this year Indonesia placed a ban on exporting key building materials to Singapore, which would force Gentling International to use suppliers further from the island. Executives, however, claim that this would be manageable, and would not raise the price tag of the new casino.


Related news:

 MGM Mirage to build two new casinos
 Britain on its way to become the European Las Vegas




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