Las Vegas Sands, CCE To Build Casino

The Las Vegas Sands Corp. announced September 25th that it will team up with Clear Channel Entertainment for a proposed resort-casino complex in Singapore.

“The partnership … represents our efforts to usher in a new era of entertainment in Singapore and position the country as a unique, global entertainment and tourism hub,” William Weidner, president and chief operating officer of LVS, said.

The two companies are currently developing a new version of Andrew Lloyd Webber’s “The Phantom of the Opera,” which will open next summer at a new $30 million theatre in Las Vegas’s Venetian Resort Hotel Casino.

They are also planning a similar tie-up in Macau, where LVS will have 11 theatres by 2007. The Macau project will be a test case for the proposed Singapore partnership. LVS is counting on Clear Channel to bring large-scale musical theatre productions and major pop artists to the proposed Integrated Resort in Singapore, which will be located in Marina Bay.

The winner of the bidding to develop the resort will likely not be known until next year, however. If it does win the bid, LVS has said it will invest about $2.5 billion in the project.

LVS’ idea is to build three or four theatres with a combined seating capacity of 6,000 to 8,000.

Singapore was to announce the rules for the site in September but has delayed the announcement until November in order to give potential bidders more time to provide feedback.

Other companies interested in the bay site include Harrah’s, MGM and Kerzer International Ltd.

— Phil Brasor