Marina Bay Sands, Singapore

Everything on the Red Dot! Marina Bay Sands Integrated Resort Singapore Jon McCallum Sing Ai Lee Julian Petrescu Eemei Tang

Introduction ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

An Integrated Resort – The Marina Bay Sands (Singapore) ,[object Object],[object Object],[object Object],[object Object]

Players in Singapore ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Macro Lens *Source: Singapore Department of Statistics (2007) +Stable +One of the least corrupt countries in the world +Legal system is based on the English common law -Govt sought opinion of people but overruled consensus on IR Politics +GDP growth: 7.7%* +GDP per capita: US$35,163* +Annual Inflation rate: 2.1%* +Visitor arrivals(‘000): 10,284* -Revised projections: economy will shrink by 2-5% in 2009 Economy ,[object Object],[object Object],[object Object],[object Object],[object Object],Business System ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Other

Industry Lens (1) Market size ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Market growth ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Industry Lens (2) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Other ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Competition

Las Vegas Sands Corp. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Established player in the U.S. and Macao casino industry, but can similar level of success be achieved in Singapore? ADR = Average Daily Rate per rented room LTM = Last Twelve Months; L9M = Last 9 Months 3Q 2008 figures

Firm Lens – The Good Stuff ,[object Object],[object Object],[object Object],[object Object],Resources ,[object Object],[object Object],[object Object],[object Object],Assets ,[object Object],[object Object],[object Object],[object Object],Competencies ,[object Object],[object Object],Other

Overall Risks for Firm ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Assessment Is it going to work? Major Issues Can be overcome? Is the international potential realisable? Probably, though still significant issue Cannibalisation of Macao No Skilled labour Will require large investment, but Singapore government committed License dilution No, this will be up to the government

Conclusion ,[object Object],[object Object],[object Object],[object Object],[object Object]

Latest developments ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],"There is no doubt in my mind the Singapore government will come in to ensure the project is completed. The government will not let it fail. " (Merrill Lynch, in Time Magazine )

Risks ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Political Promises to Singaporeans ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Informal Interview with MTI ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

References ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Marina Bay Sands, Singapore

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Editor's Notes