Thursday, June 01, 2006

Las Vegas Sands says S'pore casino to break even in 5-8 yrs


Las Vegas Sands, the world's largest casino firm by market value, expects its Singapore casino to reach break even within five to eight years after the start of operations, an executive said on May 30.

"Depending on how well we do, we expect to break even in five to eight years," Las Vegas Sands chief operating officer William Weidner told reporters.

"Of course I hope we do a lot better than that."


The firm, which runs the Venetian in Las Vegas and a successful Macau casino, last week won the 30-year concession for the first of Singapore's two planned gambling resorts after promising to invest more than US$3.2 billion (RM11.59 billion) in what will be the world's most expensive casino. -- Reuters
Theedgedaily

Comments:
Of course less than 10 years to break even, thanks to donnation from Global gamblers!
By calculation, its means 99% of them will lost and maybe only 1% of them will get small money from the CASINO.

So, Who would like to contribute more to this WORLD'S MOST Expensive CASINO at SINGAPORE?

2 comments:

kh loh said...

Weng Leong,
Actually Las Vegas Sand is not only building the casino. There are the holiday resort. Singapore have long time no special attractive scene for tourists. If you can remember, when is your last visit to S'pore & what new places you will be visit. Actually beside the casino, there are a lot of fun there. Same as Genting resorts. If you are not a gambler, you still find a lot of fun there.

Nelson said...

khloh,

I am interested the way they said, 5 to 8 years to break even, which mean they have confident to earn back 3.2 billion US dollar in such a short time frame. Therefore conclusion is Gambling business is almost SURE WIN one! right? DON'T TAKE THE RISK! No easy money man.