It is not Macua, but it is wow!

Marina Bay L_9210 by Andrew JK Tan.// Marina Bay Sands – 25th Apr 2010

The Marina Bay Sands in Singapore is opening tomorrow, April 27, 2010, this is a soft and partial opening, the grand opening will be in June.  It is not the most expensive project in the world, but at five and half billion dollars it is not cheap either.  The Sands spent two and half billion on the Venetian Macau.  Singapore is going to control the development of casinos much more than Macau; Singapore is only going to allow two casinos, but even with only two casinos Singapore still promises to be one of the world’s top gaming destinations.

The Sands is predicting a billion dollars a year in gaming revenue from Marina Bay.  To put that in perspective, that is a fifth of gaming revenue of the total Las Vegas Strip. Credit Suisse is predicting the two properties in Singapore with generate $2.6 billion in revenue, 40 percent of  the total Strip revenues.  Those are very lofty expectations, but not ones with which I am ready to take issue, at least not until we see the results of the first couple of quarters of operation.

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April 2010
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