Dly Singapore - It is remarkable, when you see a small country but big income earners has opened a new resort. Singapore has opened a new resort that is worth 5.7 billion dollars, wow ... that is something very extraordinary, indeed this one State as cayenne pepper (Small but Spicy Country ....) small but extraordinary income.
A New Resort Developed by Singapore's Marina Bay Sands, a subsidiary of a large developer United States, Las Vegas Sands Corporation.
"Total investment for integrated resorts in Singapore was the highest, reaching 5.7 billion U.S. dollars, 'said President and Chief Operating Officer of Las Vegas Sands Corporation, Michael A Leven, after the inauguration of the Marina Bay Sands in Singapore on Tuesday.
He said the number was 200 million dollars higher than initial funding target of 5.5 billion U.S. dollars. This occurs due to delayed completion of the mega project.
According to him, investment between the integrated resort hotels, theaters, museums, shopping centers, until the casino is the largest investment ever issued by Las Vegas Sands Corp..
He explained that the investments in Macao reached 2.4 billion U.S. dollars for the three properties, while investment in Singapore to spend 5.7 billion U.S. dollars budget for only one roof.
Chairman of the Board and Chief Executive Officer of Las Vegas Sands Corp, Sheldon G Adelson said that within four years is expected to invest 2.4 billion dollars for the three properties in Macau can be returned.
While he was in Singapore to target investment of 5.7 billion U.S. dollars may be returned within five years.
Another interesting feature of this integrated resort is the presence of casinos that covers only two percent of the total area of the Marina Bay Sands. However, Adelson said that from where it is expected that turnover will exceed the Las Vegas.
"If at Las Vegas` `his share could be 30 percent of total revenues, in Macau, 70 percent, then in Singapore can hope in the midst of both,".
He believes Asia has become the focus to be reckoned with today, including also in the casino business. The selection of Singapore in developing resorts with casinos, according to him, to attract visitors from ASEAN countries, including Indonesia, as well as Australia.
"Many businessmen who made a transit in Singapore where they are, and some of them I think will not miss to stop at the Marina Bay Sands. Especially if his country does not allow the casino," he said.
Shaped building three big pillars as high as 55 floors with a roof-shaped vessel from a distance is built in an area of 15.5 hectares of land just across the Bay and Merlion Singapore Espanade theater.
Marina Bay Sands integrated resort, which is for meetings, incentives, conventions and exhibitions (Metting, incentives, Conventions, and Exhibition / MICE). Built beginning in 2007
after winning a competitive construction bids to build the Marina Bay area, held the government of Singapore in 2006.
At the opening of early 7000 there will be more people working, and 70 per cent are local employees. The number of workers will increase after the entire business runs.
From: ANTARA
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