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Singapore: Marina Bay Sands developer optimistic about project

29 September 2008

SINGAPORE -- As reported by the (Malaysian) Star: "Marina Bay Sands is expected to be profitable from day one and the expected payback timeframe is between five and eight years.

"'Overall, we remain extremely optimistic about the prospects for Marina Bay Sands and the future of the tourism industry in Singapore with China, India, Indonesia, Malaysia and Thailand serving as key source countries for both the business and leisure tourist market,' Marina Bay Sands Pte Ltd general manager George Tanasijevich said.

"...He said Singapore had proven to be resilient in challenging times.

"According to him, there is massive potential for integrated resorts in this part of the world, especially with demand from the booming markets of China and India.

"...Las Vegas Sands has been awarded a 30-year concession to develop and operate the IR on Marina Bay by the Singapore government..."

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