Sign up | Log in



Home  >>   Daily News  >>   Singapore  News  >>   Tourism  >>   US developer seeks to expand in Asia
NEWS UPDATES Asean Affairs        28  February 2011

US developer seeks to expand in Asia

Related Stories

February 10,2011
Singapore tourism hits high

January 12,2011
Singapore casinos a hit with government

December 7,2010
Singapore eyes Chinese cities

October 4,2010
Malaysia call for fairer trade

Las Vegas Sands Corp, the US-based property developer, is looking to expand property projects in Asia, possibly in Japan or India, says the company's chairman and chief executive, Sheldon G. Adelson. The Marina Bay Sands, which opened its doors in April last year, consists of an exhibition area, shops, a casino and 2,500-room hotel.

The company expects to proceed on a project valued at 15 billion in either Madrid or Barcelona it hopes will be developed "similar to the strip in Las Vegas".

The company has developed six entertainment and casino complexes in four countries. The NYSE-listed company is also seeking more land to expand its operations in Singapore, but land is sparse on the island.

"We can use whatever amount of land the government will put up," Mr Adelson added. "We are burdened by our success."

The integrated resort has drawn 11 million visitors since April last year and expects a return on investment in about four years.

This month the hotel and convention space is running at 87% occupancy.

Its Singapore property is operated by its subsidiary, Marina Bay Sands Pte Ltd. The US$5.7-billion (174.65-billion-baht) Marina Bay Sands consists of an exhibition area, shops, a casino and hotel that have been open since April last year.

The hotel has more than 2,500 rooms and the convention centre has 120,000 square metres of space, with an ability to host up to 45,000 delegates, 2,000 exhibition booths or 250 meeting rooms.

Part of the US$5.7-billion Marina Bay Sands project, the convention centre has 120,000 square metres of space, with an ability to host up to 45,000 delegates, 2,000 exhibition booths or 250 meeting rooms.

"The demand that this property has created for Mice [Meetings, Incentives, Conventions and Exhibitions] is rapidly taking us to the point where we'll even have to ration space," said Mr Adelson, adding that the company was willing to reclaim some land from the ocean in order to make expansion possible.

Singapore announced tourism industry growth of 14.5 percent for 2010, attributed in part to its two integrated resorts - Resorts World Sentosa and Marina Bay Sands - which helped boost visitor arrivals by 20 percent last year.

The Singapore Tourism Board reported tourism receipts last year were estimated to reach S$18.8 billion, with shopping, sightseeing, entertainment and accommodation making up 61 percent.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    28  February 2011 Subsribe Now !
• Transportation on the Mekong urged
Subcribe: Asean Affairs Global Magazine
• Controversial late night Indo rate cut planned Asean Affairs Premium
• Indonesia invests $80 billion in manufacturing
• Laos plans B2.8bn bond
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• AIRASIA X to appoint Y.B. Tan Sri Rafidah Aziz as chairman
• Philippine telecoms seek broadband perks
• US developer seeks to expand in Asia
• Brackish water arrives early in Mekong Delta
Asean Analysis    28   February 2011 Advertise Your Brand
• Threats to the Mekong rise Sponsor Our Events
Asean Stock Watch    28  February 2011
• ASEAN Market Outlook
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand