Tuesday 28 August 2007
Asian Casino Cash
Las Vegas Sands proudly presents today the US$2.4 billion Venetian Macau, the world's biggest casino. it's a "massive step" by the company to transform the Chinese gambling enclave into a family entertainment centre that would rival Hong Kong and Japan for the Chinese tourist dollars.
this is how the 3000-suite casino complex looks. the huge investment epitomises the ongoing trend of the Asian casino cash. Japan's considering a casino or two. and Singapore's already rewarded two bids for its Marina Bay and Sentosa Integrated Resorts (IR). and Malaysia has not only a renown casino highland; the country also registers a worldclass casino developer, Genting International.
this is good news. the city of lights Las Vegas would feel the heat from not only a renaissance Macau. the excitement runs across Asia; iconic buildings, concept art houses, performing theatres, MICE centres and etc. are redefining a 21st century casino experience.
just a thing. Las Vegas Sands is also building the Marina Bay Sands IR. it's yet another huge investment that would see Singapore metamorph the country's international image, and develop into a new focal point on the world's casino map. especially when the Sentosa IR comes in 2010. under Genting International.
i'm thinking if this is wise. this thing about Las Vegas Sands' omnipresence in the Asian casino scene. of course it's laissez faire business; the strongest bidder wins. and Asia could well accommodate more than just one casino hub. but what if the Singapore's IR or the Venetian Macau fails? i doubt Sands would, or could, take equal care of both. and the host(s) might suffer.
