Singapore bets big on casinos   2010-04-29 09:18:50 FeedbackPrintRSS

Luring with luxury

The Marina Bay Sands is the world's second-costliest casino, after MGM Mirage's CityCenter in Las Vegas, and is expected to generate at least $1 billion in annual profits, according to Reuters.

Las Vegas Sands chairman Sheldon Adelson said he expects to recoup his Singapore investment in five years, describing the development as the company's most valuable property thus far, AFP reported.

Moreover, the newly launched 200 shuttle buses between the doorsteps of the two casinos and cities in neighboring nations also make getting to the resorts much easier.

Singapore, which had long banned the gaming industry, legalized it in 2005 and is using the resorts to boost employment and lure tourists from abroad.

According to the Singapore Tourism Board, the number of visitors to Singapore jumped 24 percent, year-on-year, to reach 857,000 in February.

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Editor: Bi Mingxin
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