Steve Wynn eyeing casino-hotel in Singapore

20 Jun 2011

Casino gaming tycoon Steve Wynn, who controls Wynn Macau and Wynn Resort, is looking to develop a property in Singapore, according to a Business Times report.

“I’m dying to go to Singapore,” he said. “That’s my next goal in life – to build a hotel in Singapore.”

He noted that the hotel will need the ancillary income of a casino to justify the investment.

Singapore legalised casino gaming in 2005, in an attempt to double its tourist arrivals by 2015. Genting Singapore’s Resorts World at Sentosa began operations in February last year, while Las Vegas Sands’ Marina Bay Sands opened in April.

The report added that Wynn will have to wait until March 2017 to open a casino-hotel in Singapore, as the country has granted the two incumbents exclusivity for the period.

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