Word: marinae
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...Marina S. Magloire ’11, a Crimson editorial writer, is a history and literature concentrator in Kirkland House. Her column appears on alternate Wednesdays...
...Chinese enclave of Macau. When Singapore decided several years ago to boost its economy by becoming a tourist destination, the government of the conservative little city-state took the controversial step of legalizing gambling. Las Vegas Sands was tapped to build an anchor casino and resort complex on Marina...
...year-old Adelson, for his part, pledged to personally ensure the "success" of the Singapore casino. "In light of recent turmoil in the global markets," he said in a statement released Nov. 7, "I felt the need to personally reaffirm our commitment to the success of Marina Bay Sands." Apart from announcing that executives from Las Vegas Sands had met with officials from the Singapore government over the last week, however, the statement did not specify what steps are being taken to bolster the finances of his company or its Marina Bay project...
...overwhelmingly dependent on electronics exports and trans-shipping, for it to collapse. The Singapore Tourism Board may step in either with an infusion of cash or an agreement to assume a sizable chunk of the troubled casino operator's debt. "We are working closely and are in dialogue with Marina Bay Sands [Las Vegas Sands' Singapore subsidiary] to facilitate the completion of the project," says Margaret Teo, Assistant CEO of the Singapore Tourism Board. She declined to provide further financial details...
...According to Las Vegas Sands' original proposal, the project, which is scheduled to open late next year, would include 2,500 hotel rooms, 1.2 million square feet of convention and exhibition space, an art and science museum, various theatrical venues, as well as a trio of linked marina-facing botanical gardens. Using the iconic structure as its main attraction, Singapore - which in September hosted the first Formula One Grand Prix race to be held at night - aims to double tourism arrivals to 17 million annually and triple its tourism receipts. "There is no doubt in my mind the Singapore government...