StockNews - MGM-Capitaland signs up Cirque du Soleil as Entertainment Partner

MGM Mirage announced that it will rope in Cirque du Soleil to stage a permanent show in its Integrated Resort (IR) in Singapore. It is currently bidding for the Marina IR plot with Singapore-listed Capitaland. The MGM-Capitaland JV is currently the favourites to win the IR bid, leading 3 other bidders which includes Harrah-Keppel and Genting-Star Cruises.

MGM-Capitaland has upped the ante once again after clinching several major partners and with the latest addition, it looks nearly set to clinch the bid since the Singapore government announced that tourism appeal will be the most important consideration in the whole tender process. MGM-Mirage has a long history of putting up shows by Cirque du Soleil, with the latter putting up 3 shows in MGM's Las Vegas resorts. Cirque du Soleil's acts in Singapore have also been very well received by its residents and such a tie-up will also be a first permanent show in Asia for Cirque du Soleil.