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Sands CEO expects investment to break even in 5yrs
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nickyng
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27-Apr-2010 16:47
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SINGAPORE : Sands CEO Sheldon Adelson said on Tuesday that he expects the
investment in Marina Bay Sands to break even in five years. The US$5.5 billion development is opening phase one at an auspicious hour of 3.18pm on Tuesday. Speaking to the media after a tour of the area, Adelson said he expected the casino at the integrated resort to make up about 30 to 70 per cent of revenue. But that Sands' model of having less than three per cent of the total area devoted to it, is "the future of gaming". On competition coming from Resorts World Sentosa (RWS), Mr Adelson said he hoped RWS does well. He added that the success of Marina Bay Sands did not depend on RWS' failure. |
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