Search
 

Eight Teams Ante Up for Singapore Resort Docs

SINGAPORE-Members of several different development consortiums purchase bid documents for a site on Marina Bay that is master planned for a $3-billion casino resort.

By Brian K. Miller | Updated on November 15, 2005

SINGAPORE-Eight development teams purchased bid documents on Tuesday for the development of a master-planned $3-billion casino resort on Marina Bay here, according to the Singapore Tourism Authority. Buying the documents is the initial step toward bidding for the right to develop the casino resort. In April, the Singapore Tourism Board named the 14 groups it has invited to submit final proposals for the two integrated resorts. The bid documents were originally scheduled to be sold in June; at that time, the successful bidder for Marina Bay was scheduled to be unveiled in December and the resort was expected to open in 2009. It was not immediately clear if that timeline is still in place or has been pushed back.

The list of US operators invited includes Harrah’s Entertainment, Wynn Resorts, MGM Mirage, Kerzner International, Eighth Wonder, Las Vegas Sands and Argosy. Internationally, the list includes TabCorp and PBL/Melco of Australia, Sun International and Peermont Global of South Africa, Genting International of Malaysia, and Guocoland and HPL Properties of Singapore.

Harrah’s Entertainment Inc., Wynn Resorts Ltd. and MGM Mirage Inc. were among those purchasing the city-state’s requirements for the project on Tuesday. The Singapore Tourism Authority says each document costs US $6,000 and that it rung up $700,000 in sales. The other casino site, on Sentosa Island, will be sold early next year.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.