News in Marina Bay

Singapore, 12 November 2010 – i Light Marina Bay <照亮滨海湾>, Asia's first sustainable light art festival, closed on a successful note on 7 November 2010, receiving more than 430,000 visitors over a three-week period. The Festival's website attracted over 100,000 unique visitors and close to six million hits since its launch in October.

Officially opened on 15 October by Deputy Prime Minister and Minister for Defence Mr Teo Chee Hean, the light art festival aims to celebrate the nightscape with the use of energy-efficient lighting and to create awareness for energy-saving lighting technology through its light art installations, programmes and activities. The highlight of the Festival was a Light Walk along Marina Bay waterfront featuring 26 light art installations and sculptures by 14 local and 20 international artists and designers. The Festival was presented by the Urban Redevelopment Authority (URA) and organised by Smart Light Singapore (SLS).

"The sustainable messages of the i Light Marina Bay tie in with the sustainable development of Marina Bay. The Festival was also part of Marina Bay Invitations 2010 to encourage the community to come and experience the new waterfront promenade at the Bay. We are very happy that they came, in big numbers, to participate in the Festival and enjoy the Marina Bay waterfront," said Mr Ng Lang, Chief Executive Officer of URA.

More than a thousand ways to look at Marina Bay and the light artworks

Over 1,000 entries were received through a photography competition organised as part of the Festival. 10-year old Heng Long De, the youngest participant in the competition, won the junior category with his photograph of Positive Attracts by Edwin Cheong. The winner of the open category was Dixie Wu, 37, whose winning entry was of Singapora-Flora by Warren Langley. The winning entries were showcased at the Festival from 5 to 7 November. They can be viewed at

Sands CEO expects Marina Bay Sands investment to break even in 5 years
By Hoe Yeen Nie | Posted: 27 April 2010 1501 hrs

SINGAPORE: In Singapore, the Marina Bay Sands integrated resort opened to the public on Tuesday. The US$5.5 billion development is the world's second most expensive casino but Sands CEO Sheldon Adelson expects it to break even in five years.

At precisely 3.18pm, Marina Bay Sands was declared open.

Sands CEO Sheldon Adelson has high hopes for this development, calling it his "most valuable property" and expects that gaming businesses in Asia will soon account for 85 per cent of his company's total revenue.

Mr Adelson said the future of the gaming industry is in Asia.

And with Marina Bay Sands off the ground, he is looking to build more integrated resorts in Asia and Europe.

But will the gaming industry see a glut?

He said: "Not in my lifetime, not in your lifetime, not in your children's lifetime. Mahjong is a game that's been played not hundreds but for thousands of years. And the only way you can hit a cap or saturate the market is for people to change their culture. And that is not going to happen."

Average annual revenues at Marina Bay Sands are expected to hit over US$1 billion a year and about 60 to 70 per cent of that will come from the casino floors.

And Sands said junket operations, which are common in Macau but unusual elsewhere, will make up only a slight percentage of earnings.

The integrated resort is also banking on the conference and exhibitions or MICE sector to bring in the revenue.

At over a million square feet, its expo centre can fit over 45,000 people, making it one of the largest venues in Asia.

A slew of deals have already been inked and the centre will hold its first event this weekend.

About 70,000 people are expected at the resort every day.

This is only phase one of the development.

Phase two, which includes the opening of more retail stores, the rest of its hotels and iconic rooftop SkyPark, will take place on June 23. - CNA/vm

Yours faithfully,

Jason Oh  (+65) 8222 2255
Senior Group Director

Lester Tan (+65) 9101 7777
Senior Vice President

Copyright © 2010 by FindaHome ™  - All rights reserved.
agent image
agency logo
Lester Tan
Managing Partner - SRi5000 Investment - Group of
CEA Licence No.:
L3010738A / R006736B
+(65) 9101 7777