Marina Bay Sands is one of two winning proposals for Singapore's first integrated resorts, the other being the Resorts World Sentosa, which incorporates a family-friendly Universal Studios Theme Park. The two large-scale resorts were conceived to meet Singapore's economic and tourism objectives for the next decade and will have 30-year casino licenses, exclusive for the first ten years. Bidders were assessed based on four criteria: tourism appeal and contribution, architectural concept and design, development investment, and strength of the consortium and partners
The infinity edge swimming pool in the Skypark
On 27 May 2006, Las Vegas Sands (LVS) was declared the winner with its business-oriented resort.[18] LVS submitted its winning bid on its own. Its original partner City Developments Limited (CDL), with a proposed 15% equity stake, pulled out of the partnership in the second phase of the tender process. CDL's CEO, Kwek Leng Beng said his company's pullout was a combination of factors – such as difficulties in getting numerous companies he owns to comply in time, as well as reluctance of some parties to disclose certain private information in probity checks required by the Singapore government.[19] However, Kwek was retained as an advisor for Sands' bid
Marina Bay Sands is one of two winning proposals for Singapore's first integrated resorts, the other being the Resorts World Sentosa, which incorporates a family-friendly Universal Studios Theme Park. The two large-scale resorts were conceived to meet Singapore's economic and tourism objectives for the next decade and will have 30-year casino licenses, exclusive for the first ten years. Bidders were assessed based on four criteria: tourism appeal and contribution, architectural concept and design, development investment, and strength of the consortium and partnersThe infinity edge swimming pool in the SkyparkOn 27 May 2006, Las Vegas Sands (LVS) was declared the winner with its business-oriented resort.[18] LVS submitted its winning bid on its own. Its original partner City Developments Limited (CDL), with a proposed 15% equity stake, pulled out of the partnership in the second phase of the tender process. CDL's CEO, Kwek Leng Beng said his company's pullout was a combination of factors – such as difficulties in getting numerous companies he owns to comply in time, as well as reluctance of some parties to disclose certain private information in probity checks required by the Singapore government.[19] However, Kwek was retained as an advisor for Sands' bid
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