RWS versus Marina Bay Sands

So,it looks like Resorts world Sentosa (RWS)has had its soft opening yesterday, much to the chagrin of the bosses at Marina Bay Sands. While the RWS has 4 hotels opened for guests yesterday who will dine at 10 spanking new retaurants, work is going on feverishly at the Marina Sand site to beat the new April dead-line.

The Singapore government is desirous that these two IRs can start on time.They estimate the full-year contribution to gross domestic product from the two resorts at 1.6 percentage points. This year though, the contribution is likely to be between 0.5 and one percentage point.

Most analysts and economists say they expect the resorts to be successful, with 70 to 80 per cent of revenues coming from gaming this year, The expect revenue of between 50 or 60 per cent as retail, entertainment and conference facilities are phased in over the next 12 months.

RWS, owned by Genting Singapore expects to open Universal Studios Theme Park anytime soon as to operate the casino tables before Chinese New Yearin February.

Getting the gambling tables open before Marina Bay Sands will stand RWS i ngood stead as they can sign up regular local gamblers before they have a chance to try the Sands.

Singaporens has imposed a charge of S$100 a day or S$2,000 a year for residents to visit the tables.

So,let us see how the RWS opening will unfold in the last couple of weeks.