How Time Flies

We’ve come to the end of the first quarter of 2010! The key event over this part of the world in the first quarter was probably the opening of the much awaited “integrated resort” in
Sentosa Island, Singapore. At exactly 11.18pm on February 14, 2010 (Valentine’s Day as well as the first day of Chinese New Year), Singapore joined the ranks of other cities such as Macau and Las
Vegas when Resorts World Sentosa (RWS) officially opened the nation’s first casino.

This is a significant event for Singapore as many thought that this is NEVER possible as it seem to run against the hard-driving ethos of founding father, Lee Kuan Yew. Anyhow, in Singapore’s context, they are both “integrated resorts” that would provide another tourist attraction that would drive the future
growth in Singapore’s economy.

Anyway, it is important to note that Singapore citizens are charged a levy of S$100 for 24hrs entry to the casino and a fine of S$1000 if they exceeded the time limit. This is considered a small deterrent by
the government to stop its citizen from developing a gambling habit.

However, I was also made to understand that there is another feature where, Singapore citizens can put the name of their family members (with gambling addiction) into the casino’s banned list and this will forbid their family members from getting entry into the casino.

However, this feature doesn’t apply to foreign visitors. The Singapore authorities have showed flexibility, allowing RWS to open its casino first, even though, the Universal Studios segment isn’t fully operational. The world’s largest Universal Studios and first in Southeast Asia only opened in stages on the 18th of March.

It features 24 attractions, 18 of them unique to the park, including a pair of the world’s tallest dueling roller coasters. The park is divided into seven zones – including Sci-Fi City, Ancient Egypt, New York, The Lost World, Far Far Away and Hollywood.

Some very good pictures of the casino and some parts of the Universal Studio at this link,

http://sparklette.net/travel/singapore/resorts-world-sentosa/

The US$4.93 billion integrated resort would also feature The Marine Life Park, the world’s largest oceanarium, holding more than 20 million gallons of salt water habitats. It will be home to over 700,000 fish of various sizes and colours inside a 6.6 million gallon lagoon when it’s fully completed.

You can check out RWS official website, http://www.rwsentosa.com for the detail layout. It’s definitely worth a visit when it’s all up and running.
My colleague who covers the gaming sector flew down to look at the casino tables and the theme park.

She was impressed and will definitely bring her daughter down to RWS theme park for the rides. (Actually, she said dying to go on the rides herself! Roller coaster junkie!) It’ll be definitely better
than Disneyland, HK minus the weather!

Attached below are the pictures that some of my brokers sent me, these are taken during the opening day of the casino.

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One of my Singaporean stock brokers invited me down to RWS for an “on the ground” check of the casino and the theme parks. I will probably kill two birds with one stone and shall wait for the
US$5.5bn Marina Bay Sands to open on the 27th of April before making the trip.

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Nevertheless, whether one chose to try their luck against the house, be a daredevil trying the dual coaster rides, shopping, shopping, shopping, watching concerts / theatre shows, browsing through the
museums or just admiring the architecture, there should be something for everyone to do.

Hope to give everyone more updates about the 2 IRs in the next Source with more facts and figures.

Fun Sim    ATT000012

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