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Las Vegas Sands Wins Singapore Casino Bid

Sheldon Adelson, Chairman of the Las Vegas Sands

Friday, May 26, 2006

SINGAPORE – As reported by the BBC News: Singapore has selected gaming firm Las Vegas Sands to build and operate the nation's first casino. It was one of four companies that submitted bids. The
Sheldon Adelson, Chairman of the Las Vegas Sands <a rel='nofollow' href='https://www.readybetgo.com/phpadsnew/adclick.php?n=abcc77e6' target='_BLANK'><img src='https://www.readybetgo.com/phpadsnew/adview.php?n=abcc77e6' border='0' alt='Advertisement'></a> other firms included the more-favored Harrah's Entertainment and MGM Mirage.

The casino project is set to cost more than $3 billion. Singapore says it wants the waterfront site to become an emblem for the city-state.

Singapore aims to attract Asian gamblers and boost tourism revenues.

Most of the region's gambling industry is currently centered on Macau, the Chinese special administrative region and former Portuguese colony, down the coast from Hong Kong.

Analysts said Thailand and Japan are now likely to build their own large casinos as the gambling industry opens up.

Singapore has already invited bids for a second casino project.

The Las Vegas Sands runs the Venetian in Las Vegas and a casino in Macau, and was advised by Singapore property firm City Developments.

Its new Singapore casino, which is reportedly based on a deck of cards, may open as soon as 2009.

Las Vegas Sands Corporation

3355 Las Vegas Boulevard South
Room 1 A
Las Vegas, NV 89109

Phone: (702) 414-1000
Website: www.lasvegassands.com

Las Vegas Sands Corporation owns and operates casino resorts, including The Venetian in Las Vegas and The Sands Macao Casino in Macao. The company is also developing casino resorts and properties in Las Vegas and Macao, including The Palazzo Resort Hotel Casino and hopes to build a casino in Singapore.

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