With the global slowdown finally receding, a whole lot of projects will get to see light of day. One of the most promising ones is Las Vegas Sands’ $5.5 billion Singapore casino resort, which saw stalled work for want of sand and workers.
Las Vegas Sands is only the second largest casino operator in the world (by market capitalization). The Singapore casino resort, Marina Bay Sands Casino-Resort was earlier scheduled to open by end of 2009 at a modest cost of $3.2 billion. However, when the recession hit the world, the construction of this resort was stopped. Other projects by the same company were also on hold. The Macau's Cotai Strip project is now scheduled to begin shortly as are other planned properties. The company hopes to have these functioning in the next five years.
Chief Executive and Chairman of Las Vegas Sands, Sheldon Adelson is quite optimistic about the future and happy with the on-track construction of Marina Bay Sands Casino-Resort sited on the edge of Singapore's Central Business District despite its increased costs.
Dubai News
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