Wynn's
Singapore
design might
cost $1.5
billion
March 20
Wynn Resorts
Ltd., the
Las
Vegas-based
casino
company
headed by
the
legendary
Steve Wynn,
looks to
spend a
possible
$1.5 billion
to construct
and run a
casino
resort in
Singapore.
The plan is
one of a
reported 19
contracts
that are
fighting for
approval
from
Singapore
government.
The Wynn
Resort plan
is being
reported as
an epic
design that
would cost
two times
more than
the $700
million
allotted for
a casino the
same company
is
constructing
in southern
China's
Macau.
Among the
companies
vying for
acceptance
from the
Singapore
government
are MGM
Mirage, Wynn
Resorts and
Las Vegas
Sands Inc..
The
Singapore
proposal is
in harmony
and similar
to the
contemporary
design of
the resort
Wynn Resorts
is opening
in Las Vegas
in April.
With
Singapore
being a
world
financial
capital, the
company
wants to
compliment
the current
vibe the
city has.
Five years
ago, Wynn
sold Mirage
Resorts Inc.
to
billionaire
Kirk
Kerkorian
after the
Bellagio
failed to
achieve the
expected
returns.
Since then,
he has
created Wynn
Resorts. In
the past
year, Wynn
Resort's
shares have
just about
doubled.
