James Packer’s Publishing and Broadcasting Ltd. (PBL) has lost to Malaysian gambling group – Genting International, to build Singapore’s second multi-billion dollar casino on the resort island of Sentosa. PBL had jointly bid to operate an integrated resort including a casino, with Melco International Development Ltd. – its joint venture partner in Asia. PBL and Melco were a minority participant in a consortium headed by Las Vegas-based Eighth Wonder Asia, which had bid to develop the $3.5 billion resort and casino at Sentosa. The resort is scheduled to be operational by 2010 and will also include DreamWorks Digital Animation Studios. The resort will also include the world’s largest oceanarium, Quest Marine Life Park and a theme park called Equarius Water Park.
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Source : IIPM Editorial, 2006
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