Casino for Indonesia’s Bintan?
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Malaysia’s Landmarks is hoping to set up Indonesia’s first legalised casino on Bintan Island, a Bloomberg report said.
It quoted Chief Operating Officer Lim Boon Soon as saying that the “objective is to develop a new destination for Indonesia” and that the gaming element would “accelerate the whole integrated development in Bintan”.
The US$3.1-billion resort aims to compete with the one in Singapore at Marina Bay.
Landmark’s biggest shareholder, Genting Berhad, is building the other integrated resort in Singapore. According to Lim, Landmarks plans to capture the spillover from Singapore, targeting about 3 million visitors a year to Bintan.
Landmarks’s project would have five resorts, condominiums, villas, health spas and water canals that would be developed over eight years, Lim was quoted saying.
“Five years down the road, having a casino won’t be special,” he was quoted saying.
But his casino plan may face opposition as gambling is banned. Bintan is less than an hour away form Singapore by ferry. It currently has about 1,300 hotel rooms.
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