Singapore IR is due to open end '09

March 4, 2009

Las Vegas-Singapore, LAS Vegas Sands, billionaire Sheldon Adelson's gaming company, said it's working 'aggressively' to meet its target to open a Singapore integrated resort by the end of the year, Bloomberg News reported.

Though there are definte signs that the project will be able to attain this goal, there are several internal rumblings from the other IR project that lead me to believe that if the Sands does manage to open this casino, it will be at a very minimum.

The three 55 -story hotel towers have reached the halfway point and are due to be 'topped out' in July. When the Sands Corporation opened the Palazzo in Las Vegas at the end on 2008, many of the room, including most of the 'High Roller' suites were not completed, according to manager at the Venetian (located next to the Palazzo).

The project also includes a convention centre and my guess is this will definitely b redy for use if Sheldon Adelson has any say in, which I believe he will. His history shows he knows about convention business and how can add to all facets of the Casino's growth and health.

The company also suspended all construction in Macau and work on its St. Regis condominium on the Las Vegas Strip to conserve cash and finish the Singapore resort and a Bethlehem, Pennsylvania casino.

Singapore is counting on the Sands resort and a competing project by Genting International to help achieve its goal of luring 17 million visitors and tripling annual tourism revenue to $30 billion by 2015.

The government has predicted visitor arrivals to fall as much as 10 per cent this year, the first annual decline since the 2003 outbreak of severe acute respiratory syndrome, or Sars, disrupted travel in the region.