GAMBLING giant Tabcorp says a $S2 billion ($1.55 billion) tender to develop and run a casino complex in Singapore would affect earnings in three to four years' time.
Tabcorp is vying with the likes of Kerry Packer's Publishing & Broadcasting to operate one, or possibly two, of the first casinos in Singapore.
The Singapore Government has invited concept plans for an integrated entertainment resort project to be build on the island of Sentosa or in the Marina Bayfront near the CBD, or both.
Plans are due at the end of this month.
Tabcorp managing director Matthew Slatter said yesterday that, if successful, Tabcorp would want to have control by way of a majority interest in the development.
Source: http://www.theaustralian.news.com.au