Marina Bay Sands: Worlds second most expensive casino opens in Singapore

On Tuesday, as Dubai welcomed the much awaited Armani Hotel, Singapore celebrated the opening of the world’s second most expensive casino on its soil. The casino is part of a $5.5 billion complex built by US gaming giant Las Vegas Sands and is the second one in Singapore (the first, $4.4 billion Resorts World Sentosa opened on 14 February). Marina Bay Sands, located next to the financial district, opened at the locally auspicious time of 3:18 pm. The casino resort is expected to generate $1billion per year! Tuesday’s opening included the casino and 963 out of 2,560 hotel rooms, a portion of the shopping mall, some restaurants, an exhibition centre and the events plaza. The remaining parts of the structure including a skypark and more shops will open on June 23, while a museum, theatres and other stores are slated to begin operations later in the year.

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Singapore officials hope the casinos help to achieve a target of attracting 17 million visitors a year generating over 21 billion US dollars by 2015. With growing competition from its neighboring nations, I wonder if Singapore will achieve this ambitious growth target.