Sands CEO expects Marina Bay Sands investment to break even in 5 years

[streetcry]

SINGAPORE : Sands CEO Sheldon Adelson said on Tuesday that he expects the investment in Marina Bay Sands to break even in five years.

The US$5.5 billion development is opening phase one at an auspicious hour of 3.18pm on Tuesday.

Speaking to the media after a tour of the area, Adelson said he expected the casino at the integrated resort to make up about 30 to 70 per cent of revenue.

But that Sands' model of having less than three per cent of the total area devoted to it, is "the future of gaming".

On competition coming from Resorts World Sentosa (RWS), Las Vegas Sands CEO Sheldon Adelson said he hoped RWS does well.

He added that the success of Marina Bay Sands did not depend on RWS' failure.

- CNA/il

 

[cooleo]

>>He added that the success of Marina Bay Sands did not depend on RWS' failure.<<

Is this guy serious?

 

[Ah Hai]

Marina Bay Sands opens its doors

SINGAPORE : Singapore's second integrated resort, Marina Bay Sands, opened its doors on Tuesday at an auspicious time of 3.18pm. Members of the public will be able to visit the resort from 5pm.

In the morning, the media was given a tour of the Integrated Resort's facilities.

The casino has four levels, and two levels are for mass gaming while the other two are for VIPs. There are also over 1,500 slot machines.

When fully completed, Marina Bay Sands will have some 2,500 hotel rooms.

The resort's shopping area boasts luxury stores, and four floors of shopping space with 300 stores. But many have yet to open.

There is also an events plaza, which can sit up to 10,000 people. It faces the sea offering a view of the Fullerton Hotel and the Esplanade.

Marina Bay Sands also has some 250 meeting rooms and its ballrooms can hold up to 45,000 delegates.

The rest of the resort is expected to open in June.

Sands CEO Sheldon Adelson said that he expects the investment in Marina Bay Sands to break even in five years, with the casino at the integrated resort to make up about 30 to 70 per cent of revenue.

- CNA/al

 

[Heart Break Kid]

Hearsay the entrance levy for MBS Casino in 1 May Labour Day is only $25.

Can anybody confirm if this is true

 

[commoner]

entrance levy imposed and collect on behalf of government, you think the government will reduce levy for this special day and before election,,,,,,,,

DON't think so

 

[Heart Break Kid]

entrance levy imposed and collect on behalf of government, you think the government will reduce levy for this special day and before election,,,,,,,,

DON't think so

Ok thank

 

[SneeringTree]

I wonder what shit is he sniffing to make such a prediction?

 

[shOUTloud]

Well, he is one of the richest men in the world and he has sent 30 staff to sniff around at RWS daily. So he is fully aware of the market situation. Anyway, it is breaking even in 5 years not making back everything in 5 years. If 5 years cannot make money, he will also jump off the sky garden leow.

 

[ozeman]

yeah, obviously he is not taking lessons from lky!

otherwise, he would say that in order to succeed we must kill off all opposition! heh heh...........

>>He added that the success of Marina Bay Sands did not depend on RWS' failure.<<

Is this guy serious?

 

[cooleo]

yeah, obviously he is not taking lessons from lky!

otherwise, he would say that in order to succeed we must kill off all opposition! heh heh...........

Obviously he is also not taking lessons from Ass Loong who will FIX the opposition!

 

[tioliaohuat]

<param name="movie" value="http://d.yimg.com/static.video.yahoo.com/yep/YV_YEP.swf?ver=2.2.46" /><param name="allowFullScreen" value="true" /><param name="AllowScriptAccess" VALUE="always" /><param name="bgcolor" value="#000000" /><param name="flashVars" value="id=19341079&vid=7394714&lang=en-gb&intl=sg&thumbUrl=http%3A//l.yimg.com/a/p/i/bcst/videosearch/14425/106450235.jpeg&embed=1" /><embed src="http://d.yimg.com/static.video.yahoo.com/yep/YV_YEP.swf?ver=2.2.46" type="application/x-shockwave-flash" width="512" height="322" allowFullScreen="true" AllowScriptAccess="always" bgcolor="#000000" flashVars="id=19341079&vid=7394714&lang=en-gb&intl=sg&thumbUrl=http%3A//l.yimg.com/a/p/i/bcst/videosearch/14425/106450235.jpeg&embed=1" ></embed></object><br /><a href="http://sg.video.yahoo.com/watch/7394714/19341079">Yahoo! SEA: Crowds rush to enter Marina Bay Sands</a> @ <a href="http://sg.video.yahoo.com" >Yahoo! Video</a></div>

 

[halsey02]

Hearsay the entrance levy for MBS Casino in 1 May Labour Day is only $25.

Can anybody confirm if this is true

Wahh!! Lim sway sway, will Subsidized us for $85..and will he be SINging at Marina Bay Sands..may ward off bad omen

 

[Baroko]

Hearsay the entrance levy for MBS Casino in 1 May Labour Day is only $25.

Can anybody confirm if this is true

Yeah. And MIWs, NSMen and Sr Citizens go in free.




















Dream On!!!

 

[jw5]

In 5 years' time, if they break even, he will be accepting the applause and accolades.
If they don't, he will be sipping a tequila in his villa somewhere.
I don't see how it affects him at all.

 

[prince123456]

sorry guys..

i love the marina sands.. . worth the 100 bucks entrance.......


going there this weekend... finally ...las vegas here i come ...

 

[cooleo]

sorry guys..

i love the marina sands.. . worth the 100 bucks entrance.......


going there this weekend... finally ...las vegas here i come ...

Aiyo do u also go Little India to experience India without flying? Just go Mustafa can is it?

 

[Rogue Trader]

Aiyo do u also go Little India to experience India without flying? Just go Mustafa can is it?

he was talking about 'las vegas' the ktv at havlock road.

 

[streetcry]

What do you think of the competition from Resorts World Sentosa?

Las Vegas Sands Corp. Chairman and Chief Executive Officer Sheldon G. Adelson tells Yahoo! SEA's Ion Danker what he thinks of Resorts World Sentosa.

<div><object width="512" height="322"><param name="movie" value="http://d.yimg.com/static.video.yahoo.com/yep/YV_YEP.swf?ver=2.2.46" /><param name="allowFullScreen" value="true" /><param name="AllowScriptAccess" VALUE="always" /><param name="bgcolor" value="#000000" /><param name="flashVars" value="id=19359371&vid=7400999&lang=en-gb&intl=sg&thumbUrl=http%3A//l.yimg.com/a/p/i/bcst/videosearch/14440/106512430.jpeg&embed=1" /><embed src="http://d.yimg.com/static.video.yahoo.com/yep/YV_YEP.swf?ver=2.2.46" type="application/x-shockwave-flash" width="512" height="322" allowFullScreen="true" AllowScriptAccess="always" bgcolor="#000000" flashVars="id=19359371&vid=7400999&lang=en-gb&intl=sg&thumbUrl=http%3A//l.yimg.com/a/p/i/bcst/videosearch/14440/106512430.jpeg&embed=1" ></embed></object><br /><a href="http://sg.video.yahoo.com/watch/7400999/19359371">What do you think of the competition from Resorts World Sentosa?</a> @ <a href="http://sg.video.yahoo.com" >Yahoo! Video</a></div>