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Singapore to Launch Second Casino Tender

27 April 2006

SINGAPORE – As reported by Dow Jones: "Singapore will launch Friday the tender for its second casino resort, and will announce details such as the price for the 35.6 hectare site on Sentosa island and the criteria that will be used to select the winning bidder.

"The Singapore Tourism Board, the agency tasked with handling the casino tender, will start offering tender documents from 0300 GMT (11 a.m.) Friday, and details of the tender should be available from around that time.

"As with the city-state's first planned casino resort on Marina Bay, the winning bidder for the Sentosa casino will be selected based on the quality of its proposal, measured by several qualifying criteria.

"Contending consortia for the Sentosa casino include Kerzner International Ltd. (KZL) and CapitaLand Ltd. (C31.SG); Harrah's International and Keppel Land Ltd. (K17.SG); and a team led by Genting International PLC (G13.SG) that includes Universal Studios, a unit of General Electric Co.'s (GE) NBC Universal (NBC.XX).

"…Other potential contenders for the casino resort at Sentosa, which is about five minutes drive from the city-state's financial district, are a tie-up between U.S. companies Eighth Wonder and Starwood Hotels & Resorts Worldwide (HOT), and South Africa's Sun International Ltd. (SUI.JO)…"

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