Genting to built Casino in Sentosa

The Genting International and its partner Star Cruises has got the go-ahead signal for the $entosa integrated resort project by the Singapore Government. The Genting Group outwitted two other bidders the consortium of CapitaLand - Kerzner International and US-based Eighth Wonder. It was announced on 8 December 2006 but came as no surprise as most has place their bets on Genting right from the start. The total project investment from Genting will amount to about S$5.2 billion. The Casino along with 1.0 Billion US Dollars Universal Studios Singapore theme park should be ready for both gamblers and fun-seekers by year 2010. With the 2 Casinos (the other is Sands in Marina Bay) will help Singapore meet the 17 million tourist target by 2015.

Singapore, the Monaco of the East

The new Casino in Singapore may generate about $1.7 billion of gaming revenue a year, Merrill Lynch said in a 16 March 2005 report, with "international premium players" making up 13 percent of the total. The old adage holds "The House ALWAYS Wins". The integrated entertainment center would match gaming income from restaurants, conferences and malls. And we are put into the F1 motor racing calendar, this figure could easily be doubled. If the Casino is sited in Marina Bay, Singapore could be like Monaco which widely seen as one of the most famous F1 racing circuits because of its tight roads, and unrelenting barriers - is kept on the calendar simply because of its glamour and history since holding its first GP in 1929. Singapore could be that, with the new Casino and an integrated F1 street racing track. The first Singapore casino will be in Sentosa by mid-2010, and the other larger one at Marina Bay a year later.