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Tuesday, June 21, 2011

Steve Wynn keen to open casino hotel in Singapore-report

reuters













SINGAPORE, Jun 20 (Reuters) - Casino gaming tycoon Steve
Wynn
, who controls Wynn Resort and Wynn Macau
, is keen to build a property in Singapore, where two
one-year-old casino-resorts look set to surpass the Las Vegas
Strip in gaming revenues this year, the Business Times reported.

"I'm dying to go to Singapore," Wynn told Singapore's
Business Times in an interview. "That's my next goal in life --
to build a hotel in Singapore."
Such a hotel would need the ancillary income of a casino to
justify the investment, he added.

Singapore legalised casino gaming in 2005 in a bid to double
visitor arrivals by 2015. Genting Singapore's Resorts
World at Sentosa opened in February last year, while Las Vegas
Sands' Marina Bay Sands started operations in April.
Wynn will have to wait till March 2017 to open a property in
the Southeast Asian city as Singapore has granted the two
incumbents exclusivity for the period.

(Reporting by Kevin Lim)
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