Harrah's, Kerzner, CapitaLand among those expecting to submit proposals
Five consortia have shown early interest in the Sentosa Integrated Resort (IR) project since guidelines were issued at the end of April.
Expected to submit proposals by the Oct. 10 deadline are: Harrah’s Entertainment and Keppel Land; Kerzner Intl. and CapitaLand; Eighth Wonder Asia; Genting Intl. and Star Cruises; and Sun Intl.
Sentosa is the second such casino and entertainment resort project to be announced. A statement from the government said: “The IR on Sentosa … will be a world-class tropical resort that offers the whole family a fun and memorable leisure experience. It will broaden Singapore’s tourism and entertainment options, complement existing tourist attractions as well as catalyze new tourism investments.”
Tourism and family attractions have more weighting in the Sentosa evaluation criteria than in that of Marina Bay IR. The March 29 deadline for Marina Bay saw four players — MGM Mirage and Las Vegas Sands, as well as Harrah’s and Genting — in the running. Winner will be announced midyear.
Both projects have casino and gambling areas capped at 15,000 square meters (out of Sentosa’s total 343,000 square meters), which leaves plenty of room for other resort attractions such as theme park rides, shows and nightclubs.
The land price for the Sentosa site is $385 million.