$3 billion casino resort plan for Miami

Resorts World Miami 468x319 $3 billion casino resort plan for Miami

Miami is to get a new $3 billion mega-resort next year constructed by the same firm behind Singapore’s massive Resorts World Sentosa destination.

The enormous Resorts World Miami, which will overlook Miami’s prized waterfront, is set to open next year in between Miami International Airport and Miami Beach, Malaysian developer Genting confirmed.

The development will stretch three miles along the bayfront, filling a total of 13.9 acres and containing multiple skyscrapers with a futuristic ocean-inspired design.
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Singapore’s casino gamble pays off one year on

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Just one year after opening its first casino, Singapore has emerged as Asia’s hottest new gambling capital with a revamped cityscape and billions of dollars pouring into the economy.

“Singapore has made a dramatic entry to the casino gaming market,” financial consultancy PricewaterhouseCoopers said in a report estimating the city-state’s casino gaming market at $2.8 billion in 2010.

The first casino opened in Malaysian-controlled Resorts World Sentosa on February 14, 2010, with US-based Las Vegas Sands following two months later as the world economy was still clawing itself out of recession.
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Singapore’s $5.94 billion casino opens

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Singapore threw open the doors of its second casino on Tuesday as part of a $US5.5 billion complex built by US gaming giant LasVegas Sands.

The Marina Bay Sands is the world’s second most expensive casino after MGM Mirage’s CityCenter in LasVegas and is expected to generate as much $US1 billion in annual profit.

Singapore gave the green light for casino gambling in 2005, setting off a flurry of construction that went ahead despite the city-state slipping into recession in 2008.
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