SINGAPORE: Las Vegas Sands chief executive officer Sheldon Adelson said he is lobbying to get more land from the Singapore government to expand its profitable integrated resort in Singapore.
Mr Adelson told reporters at the opening of the Marina Bay Sands (MBS) that the meetings, incentives, conventions and exhibition (MICE) business has been overwhelming and more land space would be needed.
"Otherwise we may have to ask for six month or a year's booking in advance," he said.
The
company's management also said that the hunt for a new CEO for Marina
Bay Sands is going ahead as planned but they "wont rush" the process.
A
report on the search for a new CEO is expected tomorrow from the US
headquarters, said Las Vegas Sands chief operating officer Michael
Leven.
"The search is going on as scheduled and we are happy with
the progress. The interim CEO is doing a good job and we won't rush the
process," said Mr Leven.
About 11 million visitors have been to MBS since its opening in April last year.
- CNA/fa
digging a bigger and deeper grave for Sands..................???
when the next far far bigger credit collapse comes..................Sands will be like a sand castle in front of a tsunami....................LOL
LESS than a year after Marina Bay Sands (MBS) opened its doors, its bosses are already thinking of expanding if given the opportunity.
'We are already running out of meetings, incentives, conventions and exhibitions (Mice) space,' said Mr Sheldon Adelson, chairman of parent company Las Vegas Sands (LVS).
'I've told the Government that we need some more land to expand the Mice space...if they want to give me ten times more land, I won't turn it down.'
He was speaking on Thursday at a press conference before the grand opening of the integrated resort (IR). It had its soft launch last April.
LAs Vegas Sands' chief operating officer Michael Leven told the media that Singapore will need more hotel rooms to accommodate the 17 million annual visitors it aims to attract by 2015.
'Demand is going to be higher than supply very shortly as the entire hospitality industry is running at over 80 per cent occupancy,' said Mr Leven, who is eyeing two plots in the Marina Bay area for hospitality developments.
-- ST
they forgotten how they almost went bust even before the S'pore casino opened..............
PAP must have given them a helping hand..............