3rd Casino in Singapore by March 2017?

Came across the following news which grabbed my attention;

Steve Wynn keen to open casino hotel in Singapore-report

Jun 20 (Reuters) – Casino gaming tycoon Steve Wynn, who controls Wynn Resort and Wynn Macau , is keen to build a property in Singapore, where two one-year-old casino-resorts look set to surpass the Las Vegas Strip in gaming revenues this year, the Business Times reported.

“I’m dying to go to Singapore,” Wynn told Singapore’s Business Times in an interview. “That’s my next goal in life — to build a hotel in Singapore.”

Such a hotel would need the ancillary income of a casino to justify the investment, he added.

Singapore legalised casino gaming in 2005 in a bid to double visitor arrivals by 2015. Genting Singapore’s Resorts World at Sentosa opened in February last year, while Las Vegas Sands’ Marina Bay Sands started operations in April.

Wynn will have to wait till March 2017 to open a property in the Southeast Asian city as Singapore has granted the two incumbents exclusivity for the period. (Reporting by Kevin Lim)

While my gut feeling tells me it’s unlikely that there will be a 3rd casino in Singapore (where will it be located? Orchard Road? Marine Parade? Toa Payoh?), it’s 2011 and we already have 2 casinos in Singapore! Who would have thought!

Another thing, if that’s your bloody goal in life, why the hell did your company chose to drop out of the bidding in 2005? Sometimes you just gotta admit your bad business decisions and not issue out bullshit like this!

[Link]

2011-06-22

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