With Casinos Set to Open, Singapore Rolls The Dice

Time, 13 Feb 2010
Just how much money has been poured in — and how daunting the challenge of recouping that money will be — are becoming clear as the first of Singapore's long-awaited casinos prepares to throw open its doors this month.
Even by the opulent standards of the gaming world, analysts say these are giant sums. "The Singapore casinos are by far the most expensive ones in the region," says Gabriel Chan, head of Asian gaming research for Credit Suisse, who points out that an average casino in Macau costs roughly half as much. The Venetian in Las Vegas, completed by Adelson more than a decade ago, cost roughly $1.5 billion — less than a third of his current Singapore project. Full Story