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CR82-p14&15-Asia&Africa:SJC-Casino Review 26/7/09 09:41 Page 1
Aussie Millions looking
for domestic Crown
Crown casino is hoping its
annual Aussie Millions poker
championship is looking to
overtake the Melbourne Cup as
Australia's biggest-paying major
event. Its main event was just
$800,000 short of last year's
Melbourne Cup winner's cheque
of A$3.3m. The Aussie Millions,
running each January in
conjunction with the Australian
Open, is now the world's fifth
largest poker tournament and
the biggest outside the US.
Resorts World should
Resorts World in Sentosa
steal first mover
advantage in Singapore
Opening first could bring a host of advantages in Singapore including tapping into the
lucrative Chinese New Year and being able to market one year passes to guests first.
Having been forced to slash its original predictions on visitor numbers and spend,
Genting will be viewing the first mover advantage as a necessity.
firstblood expected to open first but seven months earlier. Singa- the annual passes,” he said. its theme park facilities includ- cost has increased by 27 per
SINGAPORE delays due to a shortage of pore residents are required by “Normally, people will get ing Universal Studios Singa- cent to US$4.5bn over the last
labour and materials could law to pay an entrance fee of excited with something new pore, The Marine Life Park, the two years because of more
The race to open Singapore’s hand that honour over to the S$100 per day or S$2,000 per but after a while, they will go Maritime Experiential expensive construction mate-
first casino has turned into just Malaysian owned Genting year to the casino. HwangDBS for what they really want. Museum and the Equarius rials and a redesign, which will
that following the news that property. But more than just Vickers Research believes that Genting can get the approval Water Park. see two more hotels built.
Marina Bay Sands probably the prestige of opening first, with the annual pass applica- [of its gaming licence] before Resorts World has, however, Genting has also lowered its
won’t be ready to open before first mover advantage would ble to only one casino, the first the fourth quarter this year if shortened its 2010 visitor pre- expected rate of return to
February 5 2010, whilst also hand Genting the chance integrated resort to roll out its everything goes smoothly.” dictions due to the economic between 12 per cent and 13
Genting Singapore’s Resorts to lock locals into some sort of red carpet will have a major The two casinos do have dif- downturn. Its revised figures per cent from a previous fore-
World at Sentosa is on course loyalty scheme before its rival advantage. “Whoever opens ferent target markets with come in at 12m visitors next cast of 15 per cent. Spend per
for a soft launch in January opens. first will get the first batch of Marina Bay looking for confer- year, falling from an initial fore- head will also be less than first
2010 to catch the all important This is despite work starting patrons to sign up to be its cus- ence and business spend cast in 2007 of 15m. Resorts envisaged.
Chinese New Year. later at Resorts World and Sands tomer for one year, as seasoned whilst Resorts World is looking World spokeswoman Krist Boo
Las Vegas Sands was being awarded its licence some punters will likely sign up for to attract more families with said that the development’s
Neo Gold spreads its Wings on Tinian
cities push
for theme
park casino
Work has begun on a new
casino resort called Neo Gold
commontheme Wings Paradise which is being
JAPAN built at an estimated cost of
US$1bn on the island of Tinian
The local governments of several in the south pacific.
Japanese cities are hoping that The six-star, 1,000-room
the green light will be given to project, which will include a
develop a casino at a major theme golf course, casino and a
park in the north of the country. water park, is being devel-
The city of Sasebo has put oped by a Korean company
forward the idea that a desig- with investors including
nated structural reform district Macau’s gaming magnate
should be set up to oversee the Stanley Ho.
introduction of casino gaming Governor Benigno Fitial
for foreign tourists at the Huis joined Neo Gold Wing Par-
Ten Bosch theme park in adise’s chair Hyun Myung and
Sasebo, Nagasaki Prefecture. other dignitaries in describ-
The proposal is backed by ing it as the biggest attraction
four cities in Nagasaki Prefec- in the region.
ture and two localities in neigh- The governor said: “The
bouring Saga Prefecture. investment commitment has
Local governments would now substantially increased.
Tinian’s only current
develop the casino which would be When completed, this project casino, Dynasty
operated by the private sector will be the largest develop-
under the guidance of the central ment project in the CNMI
government. Analysts have pre- (Commonwealth of the ultimate form of destination that Tinian is a special place rently in operation on the gration to the CNMI which
dicted that the casino would attract Northern Mariana Islands). It enhancement for the CNMI.” with much potential. And island, the Tinian Dynasty will restrict customers from
220,000 each year and generate an will be a major attraction in Senator Jude Hofschneider NGP is moving to realise this Hotel and Casino, which relies its main target markets of
economic impact of 100bn yen as the region, and it will be added: “It has reputable enormous potential with heavily on the Chinese tourist Chin and Russia Chinese.
well as delivering 7,700 jobs in the among the largest in the financers, investment part- their vision and their invest- market. Two others are under CNMI is a commonwealth in
first fiscal year. The Cabinet Office region. If we build this ners. This is a very promising ment capital.” construction political union with the
has so far received 15 proposals for project, tourists will come development and the biggest Neo Gold Wings will target Bridge Investment Group United States.
casinos but all of them have been and other projects will investment in the region.” mainly Japanese and Korean has stopped construction of Another investor, Marianas
rejected. It is expected to decide emerge, bringing more invest- Governor Fitial added: players to circumnavigate its casino project due to the Resort Development, wants
on whether to agree to the proposal ment into our islands. This “The international NGP problems with Chinese visas. US decision to implement to build a US$300m casino
by the end of September. casino-resort project is the investors believe, as we do, Only one casino is cur- federal laws regulating immi- called Matua Bay Resort.
14 August 2009 • asia&oceanianews
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