Despite the credit crunch and the need for creative financing by Chairman Sheldon Adelson, the Las Vegas Sands Corp. remains on track with the planned end-of-2009 opening of Singapore‘s Marina Bay Sands. The company won the bid for Singapore’s first integrated resort back in May of 2006 and is investing over $5 billion dollars to bring the project to fruition. The resort is expected to add almost S$3 billion to Singapore’s GDP and create 33,000 jobs by 2015.
According to Marina Bay Sands Pte Ltd general manager George Tanasijevich, “Marina Bay Sands will offer all visitors new and world-class experiences in dining, shopping, entertainment and MICE (conventions and exhibitions). It will combine state-of-the-art convention and exhibition facilities, luxury hotel facilities, an iconic ArtScience Museum, Las Vegas-style gaming, theatres, entertainment and an unparalleled spread of shopping and dining outlets in one landmark structure.”
The total size of the project exceeds 15 hectares with 120,00 sq. meters of MICE space; more than 2,600 rooms in three hotel towers; more than 750,000 sq. feet of retail and dining space; theaters totalling app. 4,000 seats; a casino and event plaza that will accommodate 10,000 people.