The Government of Singapore is considering the development of an Integrated Resort (IR). This is envisaged to be an iconic lifestyle development with a comprehensive range of world-class amenities which may include hotels, convention facilities, retail and dining, entertainment shows, themed attractions and a casino. The strategic objective is to broaden our leisure and entertainment options to enhance Singapore's reputation as a premium ''must-visit'' destination for leisure and business visitors.
The world's major casino operators, which have submitted concept proposals for Singapores first integrated resort, appear to favour the site at Marina Bayfront, compared with Sentosa.
The integrated resort will be the single largest property development in Singapore, with an estimated development cost of S$2.8 to S$3.4 billion. It will likely to include the largest hotel, the largest shopping mall, and the largest concentration of food and beverage outlets and non-gaming entertainment. It is expected to take 9 months to complete the bidding, review process and awarding an integrated resort licence. Singapore plans to build its first casino, reversing a four-decade ban, as it seeks new industries to replace manufacturers that are moving to lower-cost China and India.
The Marina Bay Sands is the tentative name for Singapore's first casino, being developed by one of the world's biggest gambling companies, Las Vegas Sands, at Marina South in central Singapore. Completion of the Integrated Resort is expected for 2009. Marina Bay will be the world's most expensive casino resort, a massive "district" on 51 acres with features that include a giant waterfall and a museum designed by Massachusetts-based architect Moshe.
Marina Bay Sands is a new type of urban place that integrates the Waterfront Promenade with a grand, multi-leveled retail arcade combining civic space, shopping, indoor and outdoor spaces endowed with city skyline views, daylight and plant life, providing an abundance and variety of activities. It is a place that is vibrant and dynamic, a place that transforms from hour to hour, from day to night, and is evocative of the great urban places. It is here that the imaginings of a global city become a reality. Marina Bay Sands, to be open in 2009, will feature three 50-story hotel towers containing 1,000 rooms each, crowned by a two acre Sky Garden bridging across the towers, offering 360-degree views of the city and the sea, outdoor amenities for the hotel such as jogging paths, swimming pools, spas, and gardens; an iconic Arts and Sciences Museum on the promontory; one-million square feet of integrated waterside promenade and shopping arcade; a state-of-the art one-million sq uare foot convention center; two 2,000-seat theaters; a casino; and a 4,000 car garage.