StockNews - Genting showcases S$5 billion bid for Singapore's Casino Resort

As the deadline passed for the submission of bids to build Singapore's first ever Integrated Resort lapses yesterday, Genting announced its cards in the bid through a press release stating its intention to invest up to S$5 billion in the resort to build a uniquely Singapore destination codenamed S.E.E.D which stands for Singapore Entertainment & Events Destination. Genting have said that once its planned design becomes completed in 2010, it would become Asia's must-visit destination for entertainment, exchange and experience. Genting's bid is designed by award-winning Polshek Partnership Architects and Singapore's very own DP Architects who designed the Esplanade.

Genting further goes on to say that S.E.E.D. will offer quality exhibition space, convention halls and meetings rooms, including one of the world's largest Plenary Halls with a seating capacity of 5,500 and a Grand Ballroom that will accommodate 6,000 people. In addition, the hotel complex will be equipped with more than 5,000 rooms, to be Singapore's largest and increasing Singapore's hotel room inventory by 15 percent.