First casino in Singapore to open on Sunday

Singapore will finally have its first casino as The Resorts World Sentosa Casino opens on Valentine’s Day, February 14.

The date has more meaning to it. The Chinese New Year will also take off on Sunday making it a triple celebration for Singaporeans.

Macau has ruled over Asia’s gambling business for years and Singapore to cash in some of the revenues. Las Vegas Sands has also announced that it will be opening a resort in Singapore very soon.

The Sands was supposed to be the first casino developer in the small but progressive Asian country with its Marina Bay Sands project, but the economic crisis forced the project to be shut down.

Sands, however, has held some public offering in Asia which helped the company raise funds to resume the project.

The Resorts World Sentosa Casino is just the first of what Genting, the casino’s developer, hopes to bring to Singapore. A Universal Studios theme park is set to open on March.

An analyst predicts that the new casino will be making $1.20 billion in its first year but that figure could drop afterwards.