Singapore to Launch Second Casino Tender - Saturday 29th of April 2006

SINGAPORE – As reported by Dow Jones: "Singapore will launch Friday the tender for its second casino resort, and will announce details such as the price for the 35.6 hectare site on Sentosa island and the criteria that will be used to select the winning bidder.

"The Singapore Tourism Board, the agency tasked with handling the casino tender, will start offering tender documents from 0300 GMT (11 a.m.) Friday, and details of the tender should be available from around that time.

"As with the city-state's first planned casino resort on Marina Bay, the winning bidder for the Sentosa casino will be selected based on the quality of its proposal, measured by several qualifying criteria.

"Contending consortia for the Sentosa casino include Kerzner International Ltd. (KZL) and CapitaLand Ltd. (C31.SG); Harrah's International and Keppel Land Ltd. (K17.SG); and a team led by Genting International PLC (G13.SG) that includes Universal Studios, a unit of General Electric Co.'s (GE) NBC Universal (NBC.XX).

"…Other potential contenders for the casino resort at Sentosa, which is about five minutes drive from the city-state's financial district, are a tie-up between U.S. companies Eighth Wonder and Starwood Hotels & Resorts Worldwide (HOT), and South Africa's Sun International Ltd. (SUI.JO)…"

Other news from around the same time

Macau Casinos Gross Receipts Up - Saturday 29th of April 2006

MACAU – As reported by Xinhua: "The gross receipts of Macau's 19 casinos reached 46.1 billion pat....


World Poker Congress Planned for June - Saturday 29th of April 2006

LAS VEGAS – The poker boom of the past severalyears is often attributed to two elements: the te....


Casino Resort Part of Mongolia Project - Saturday 29th of April 2006

MONGOLIA – In a historic first forinternational trade to Northeast Asia, Mongolian government a....


Kenilworth Receives PAGCOR Letter of Intent - Saturday 29th of April 2006

MINEOLA, New York – Kenilworth Systems Corporation("Kenilworth") today reported the Company has....


MGM Mirage Reports Record First Quarter Results - Saturday 29th of April 2006

LAS VEGAS – MGM Mirage (NYSE: MGM) today reported its first quarter 2006 financial results, hig....


Harrah's Plans $485 Million Expansion - Saturday 29th of April 2006

LAS VEGAS With a vision of creating Chicagoland's largest gaming entertainment destination, Harr....


New Record Q1 Results for Monarch Casino - Saturday 29th of April 2006

RENO, Nevada – Monarch Casino & Resort, Inc. (Nasdaq: MCRI), owner of the Atlantis Casino Reso....


Harrah's Amends Terms of Credit Facility - Saturday 29th of April 2006

LAS VEGAS Harrah's Operating Company, Inc., a subsidiary of Harrah's Entertainment, Inc. (NYSE:H....


Powerball Jackpot Grows to $49 Million - Saturday 29th of April 2006

UNITED STATES – The Powerball jackpot continues toclimb. Even though the grand prize was not hi....


British Gambling Ads Could Carry Wealth Warning - Friday 28th of April 2006

LONDON, UK As reported by the Independent: "Future adverts by casinos, betting shops and internet ....