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Singapore Prepares Request for Proposals

19 September 2005

SINGAPORE – As reported by the Sydney Morning Herald: "Singapore is preparing a formal request for proposals from a dozen hotel and development groups that are seeking concessions to operate casino-resorts in the city-state.

"The tourist board would issue the request as early as the end of this month, it said in an email. The request may set out guidelines on how much space should be provided for gaming, convention centres, hotel rooms, museums and other features of the two projects, on Sentosa Island and at Marina Bay.

"…Each set of proposals is estimated to cost millions of dollars and take months to develop. The process is expected to flush out the pretenders among the high-rollers bidding for the projects.

"The projects' final costs will run into billions. Due to the lateness of the request for bids, the winners for the developments are not expected to be announced until early next year.

"…The Singaporean Government received 19 proposals when it first sought expressions of interest from developers and casino operators, and 14 were placed on a shortlist. Two bidders subsequently dropped out…"

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