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All eyes on IRs now

Business Times – 09 Aug 2008 Apart from a surge in tourism, jobs and tax receipts, Singapore’s two integrated resorts could bring in new investors WITH expectations of a big boost to the economy, more buzz and the promise of thousands of jobs, it is no wonder we are all a little anxious to see […]

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Sembawang E&C bags $400m IR contract

SEMBAWANG Engineers and Constructors (SEC) has been awarded a $400 million contract by Marina Bay Sands Pte Ltd to build the Marina Bay Sands integrated resort’s (IR) North Podium comprising the casino, theatres and retail arcade. But with a construction period of just 15 months, pressure will already be on Singapore’s biggest construction company to […]

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Las Vegas Sands draws down $2b for S’pore IR

LAS Vegas Sands Corp, the world’s largest casino operator by market value, has drawn down $2 billion from its credit facility for the building of a Singapore casino, it said in a statement yesterday. The company is paying an interest margin of 3.6 percentage points more than the 30-day Singapore dollar swap offer rate, it […]

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Catching Formula One race in high style

Grandstands will also be set up in the S’pore Flyer Garden FORMULA One (F1) fans hoping for a bird’s eye view of the inaugural Singapore Grand Prix can opt to watch it from the 165-metre tall Singapore Flyer. Singapore GP has forged a land-use and ticketing partnership with the Flyer under which Singapore GP will […]

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Award of casino bid not known yet: Lian Beng

SINGAPORE construction firm Lian Beng Group, whose share price rose 8 per cent yesterday on speculation that it has won a $500 million casino project, said it has not been told of the outcome of its bid. ‘Lian Beng has submitted a tender but has not been informed of the outcome yet,’ said a company […]

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Staging adrenalin-pumping shows

CLARISSA TAN highlights some of the high-profile sporting events in the Marina Bay area, including next year’s Singapore Grand Prix SLEEK machines zoom under flyovers and streak past the towers of Suntec City, the Padang, the Old Supreme Court and the Esplanade theatres before screeching down the pit straight, where spectators emit a thunderous roar. […]

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Gardens to do a Garden City proud

Marina South phase to cost $900m, entire project could draw 2.7m visitors a year (SINGAPORE) The Gardens by the Bay project – comprising three themed gardens at Marina South, Marina East and Marina Centre – is expected to draw 2.7 million visitors a year and contribute around $1 billion of tourism receipts over 10 years. […]

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Cost of building Sentosa IR may climb to $6b

Resorts World factors in rising construction costs, new attractions, improved designs (SINGAPORE) The cost of the integrated resort (IR) on Sentosa could climb to as much as $6 billion – from an original $5.2 billion – as building costs escalate and more attractions are added. Resorts World at Sentosa (RWS) yesterday said that it has […]

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Cost of building Sentosa IR may climb to $6b

Resorts World factors in rising construction costs, new attractions, improved designs (SINGAPORE) The cost of the integrated resort (IR) on Sentosa could climb to as much as $6 billion – from an original $5.2 billion – as building costs escalate and more attractions are added. Resorts World at Sentosa (RWS) yesterday said that it has […]

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Sentosa IR to cost $800m more, says Genting

Higher construction and labour costs and new attractions will bring the bill to $6b THE price tag for Genting’s Resorts World at Sentosa will be bigger than expected as a result of higher construction costs and additional attractions, such as a new roller coaster, being lined up. Genting International now expects to spend $6 billion […]

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Hugo Boss leads the way with IR boutique

It’s the first luxury brand to confirm a space at Marina Bay Sands IR LUXURY brand Hugo Boss will set up a 2,000 square feet boutique in the upcoming Marina Bay Sands integrated resort (IR) – the first luxury brand to confirm taking space there – as it seeks to grow its sales in Singapore […]

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