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IR Jackpot Could be Bigger Than Predicted

6 September 2006

SINGAPORE -- As reported by Channel News Asia: "The casino windfall could be bigger than anything anybody projected.

"Despite the fact that casinos look set to pop up all over Asia, the tycoon who bagged the Marina Bay integrated resort has made a bold prediction: It could rake in up to US$2 billion ($3.1 billion) a year in gaming revenue alone.

"This aggressive estimate by Las Vegas Sands' chairman Sheldon Adelson surpasses earlier projections by analysts — that it would take both the Marina Bay and Sentosa resorts to bring that kind of money into Singapore.

"...Just 1 per cent or less of the population within three to five hours by air is what we need to be successful. I haven't even mentioned Japan, Korea, China," said the feisty 73-year-old.

"...He added that he needs only half of the additional 8 million tourists that Singapore is wooing by 2015 to make Sands' US$3.6-billion investment worthwhile. 'We'll break even or make money after half of that number,' he said..."

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