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Three bids expected for second Singapore license

10 October 2006

SINGAPORE – As reported by Reuters: "Three consortiums -- two US gaming firms and one Malaysian group -- are expected to bid formally on Oct 10 to build and run Singapore's second casino project, a day after giving their proposals to authorities.

"Genting group, an alliance led by US gaming firm Kerzner International, and resorts developer Mark Advent through the privately held Eighth Wonder are all expected to deposit their bids with Singapore's tourism officials by the end of the day.

"…Singapore, which has set a S$605 million (RM1.41 billion) price tag for the 49-hectare site, wants the resort to have family attractions that will lure regional tourists and boost its services sector…"

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