Integrated Resort
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http://www.sgbetforum.com/showthread.php?t=134
I have uploaded the above article to my website which compare visitors growth between Macau and Hong Kong.
The trend indicates that Macau will surpass Hong Kong in terms of tourist arrival this year. It is attributed to the attraction of the boom in casinos in Macau over Hong Kong's theme parks, notably Disneyland. In 2006, while Hong Kong saw a 7.5% rise in tourist arrival to the island, Macau register a 14.6% increase, and the gap is set to widen this year as in Jan 07, Hong Kong saw a contraction of -1%, while Macau has a strong 22.7% growth. Hong Kong's strategy of offering attractive theme parks doesn't seems to work as well as Macau's single draw on casino gambling.
How about Singapore? Due to political correctness, the government is doing everything to downplay the casino aspect of the two IRs, and limit the proportion of space that can be allocated to it. However it would mean that the commercial value of these two IRs are not fully maximised, and I am afraid that future projects may not draw as much interest as these two from the big players. By all means, the two IRs will be great in the first two years due to initial attraction from curiosity, but after that, it may be hard to produce any sterling result if the casino aspect of the business are not allowed to be fully capitalized on. If Hong Kong can become second best even with Disneyland themepark, I wonder how attractive can our two theme parks be, even with Universal Studio thrown in.
Sgbet -
Dont worry, I dunno about LVS but it seems they are very capable of bringing in conventions. Their operations in Las Vegas actually derived 60pc of their profits from non gaming activites if i am not mistaken.Originally posted by sgbet:http://www.sgbetforum.com/showthread.php?t=134
I have uploaded the above article to my website which compare visitors growth between Macau and Hong Kong.
The trend indicates that Macau will surpass Hong Kong in terms of tourist arrival this year. It is attributed to the attraction of the boom in casinos in Macau over Hong Kong's theme parks, notably Disneyland. In 2006, while Hong Kong saw a 7.5% rise in tourist arrival to the island, Macau register a 14.6% increase, and the gap is set to widen this year as in Jan 07, Hong Kong saw a contraction of -1%, while Macau has a strong 22.7% growth. Hong Kong's strategy of offering attractive theme parks doesn't seems to work as well as Macau's single draw on casino gambling.
How about Singapore? Due to political correctness, the government is doing everything to downplay the casino aspect of the two IRs, and limit the proportion of space that can be allocated to it. However it would mean that the commercial value of these two IRs are not fully maximised, and I am afraid that future projects may not draw as much interest as these two from the big players. By all means, the two IRs will be great in the first two years due to initial attraction from curiosity, but after that, it may be hard to produce any sterling result if the casino aspect of the business are not allowed to be fully capitalized on. If Hong Kong can become second best even with Disneyland themepark, I wonder how attractive can our two theme parks be, even with Universal Studio thrown in.
Sgbet
Genting can bring in the number of tourist. Trust them on that. Do u guys know that the annual tourists arrival for Genting Highlands alone is more than the total annual tourists into Singapore(of course there are quite a number of locals included but large ammount of them are foreigners)? More malaysians will come to Singapore because of the IRs. This is inevitable. -
hi can i know where u guys got theses infos on ir ?
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duh...they were all over the newspapers and internet. where were u?camp?
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Google is your best friendOriginally posted by onzo:hi can i know where u guys got theses infos on ir ?
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Ya know, it all comes down to all of us *grin*
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IRs can and do bring in non gaming businesses.
Visiting businessmen can stay longer and spend more and even bring their families along for the attractions. Its all part of the game.
The great idea is, Singaporean gamblers will stop pumping money into Genting and start pumping it here instead. -
I hope to see how casino affects the lives of rich people.
I hope more rich people play the casino more often.
So that singapore casino will not become a big flop. -
Personally, I think casinos will bring more good than harm to Singapore. It's a very good thing for the economy. But yes, it should be regulated and authorities should keep a watchful eye on the compulsive gambler!
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Well, lets see how many more become bankrupt or sell their wives as prostitutes to pay off debts.Originally posted by lovemebad:Personally, I think casinos will bring more good than harm to Singapore. It's a very good thing for the economy. But yes, it should be regulated and authorities should keep a watchful eye on the compulsive gambler! -
Macau Casino, the largest, is open for business already.
Singapore's casino only can open 3 years later as reported.
like this, can compete or not? a bit too slow or not ? -
Time will tell Bro, in 3 years time we eat grass or gold, let see.
Sands has release a statement that they have incur a 20% more in budget becos of higher construction cost. -
Lian Beng wins S$58.5m deal for Marina Bay Sands IR project
SINGAPORE : Main-board listed Lian Beng Group has clinched a S$58.5 million contract for construction works at the Marina Bay Sands Integrated Resort.
Under the terms of the contract, Lian Beng will provide a wide spectrum of services related to the construction of the basement of all three towers of the hotel parcel.
Work on the project will be carried out in two phases.
This is expected to be completed within 22 weeks.
With this latest contract, the building construction company's orderbook now stands at about S$375 million. - CNA/ch -
Hong Leong Asia wins contract to supply concrete to Marina Bay IR
By Loh Kim Chin, Channel NewsAsia | Posted: 01 June 2007 2005 hrs
SINGAPORE : Hong Leong Asia has won the contract to supply ready-mix concrete to the Marina Bay Sands integrated resort project.
Under the exclusive contract, the company will supply up to 1.2 million cubic metres of ready mix concrete for the construction of the integrated resort.
Hong Leong Asia did not indicate how much the contract is worth.
The resort is targeted to be completed in 2009.
The contract is expected to have a positive effect on Hong Leong's building materials unit. - CNA/ms -
CSC Holdings bags contract from Marina Bay Sands
By Loh Kim Chin, Channel NewsAsia | Posted: 21 May 2007 2054 hrs
SINGAPORE : CSC Holdings has been awarded a contract by Marina Bay Sands.
This is part of the project for the Marina Bay Sands Integrated Resort.
Under the contract, CSC will carry out the piling works and build the diaphragm walls for the north podium.
The contract is worth S$240 million.
Works are scheduled to begin next month and are expected to be completed in February next year. - CNA/ms -
bumping to keep it active.
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to show LKT some respect?Originally posted by FireIce:bumping to keep it active. -
so that u pricks will not trigger-happy and open more threads
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just like to say I get mesmerised whenever I see your cartoon dancing.Originally posted by FireIce:so that u pricks will not trigger-happy and open more threads
Would you by chance aber to swing your hips like that?
care to do it for me in private?
I get horney when I look at your cartoon.
You are so on-purpose.
I no friend u liao...ciao..Cheese....bye bye.. -
there will be two spiral escalators which look similiar to macca.
each escalator costs 400x than the normal rectangular one.
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i'm afraid the IRs will signal the beginning of the end for this country.
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i think i know what is the underlying reason for the IRs. Dont assume superficially that the IRs are built for tourism. -
Daddy,
You can't leave us hanging like that!
What are your ideas? -
Jan 16, 2008
Worker crushed to death at Marina Bay IR site
By Khushwant Singh
A WORKER died after a wall collapsed on him on Wednesday morning at the construction site of the Marina Bay Sands Integrated Resort.
Civil Defence paramedics pronounced him dead at the scene at 11.25am.
The worker, a Chinese national in his 30s, suffered multiple fractures and showed signs of internal bleeding.
Police said that they are investigating the industrial accident.
Ministry of Manpower officers were also at the scene to check if work at the construction site along Marina Boulevard should be halted.