Posted Tuesday, October 10, 2006 9:50 AM | Contributed by Jeff
Three teams have submitted proposals by Tuesday's deadline to build and operate Singapore's second casino resort, the Tourism Board announced. The submissions came from Las Vegas casino resort developer Eighth Wonder Asia; Malaysia's Genting International PLC and Star Cruises Ltd., who have added Universal Studios as a non-equity partner; and Kerzner International Ltd. and Singapore's CapitaLand Ltd. Genting, which proposes to build a massive Universal Studios theme park if it wins the bid, is seen as the forerunner in the Sentosa race. On Monday, a Merrill Lynch report put Genting's chances to win at 75 percent.
Read more from AP via Forbes.
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