Singapore is planning to develop two casino resorts that will be integrated to promote tourism, and these projects are expected to generate "1% to 2%" of the country ' s annual gross domestic product.And since the launch of the first phase, the number of tourists to Singapore has doubled to 19.1 million in the 10 years to 2019.

This is a significant expansion of the first casino resort project.The investment, which will begin soon, amounts to S$10 billion, or about US$7.4 billion.

The Singapore government had approved the expansion project starting in 2019, but the implementation has been delayed due to the pandemic of a new coronavirus infection (COVID-19).
This delay has resulted in higher investment costs for the second phase of the expansion project. Investment for 2019 was previously calculated at S$4.5 billion per project.Investment in Genting increased by about 50% to S$6.8 billion.Inflation has caused material and labor costs to soar, among other factors.

However, Genting Singapore and Marina Bay Sands are proceeding as planned.This is because investment in Singapore is considered important to the company's business portfolio.

Plans to expand casino business in Asia
News reports that Genting Singapore has been selling its Las Vegas casinos since 2021 in order to invest in Asia, with its Singapore operations accounting for nearly 50% of its total revenuesThe company has reportedly admitted that it hasand exceeded the company's revenues in its home country of Malaysia.

Last April, however, the U.S. gambling news site agbrief.com reported that Rob Goldstein, CEO of the major U.S. gambling casino operator Las Vegas Sands Corp.entertainment complex confirming its interest in investing in a legal casino in Thailand based on this project.