| | |  | Last Updated: Tuesday, June 19, 2007 |  | | | Singapore Sets Gambling Standards
- Tuesday, 7 Mar 2006
In a unique initiative developed by the Singapore government, bids to build a gambling resort will be judged by a specific set of standards in keeping with the country’s bid to increase tourism. Singapore, which plans to build luxurious international gambling resorts at Sentosa and Marina Bay, is keen to ensure that the winner of the bid will enhance tourism by implementing a unique theme unlike those found in any other resorts elsewhere in the world.
The country’s officials have until March 29 to decide which company will build the Marina Bay gambling resort. Four gambling operators are in the running: MGM Mirage, Genting International PLC, Las Vegas Sands Corporation and CapitaLand Ltd. Two of these firms have proven experience in the Asian market through casino ventures in the Chinese province of Macau. Companies interested in building the Sentosa gambling resort are expected to express their interest by the end of the year.
By developing its own gambling resorts, Singapore’s government hopes to capitalize on the growing numbers of tourists visiting areas where gambling is promoted and encouraged. Macau, the only part of China where casino gambling is legal, has recorded record tourism figures since opening the country up to offshore gambling operators in recent years.
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