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Integrated resort model

Integrated resort model. Best Sunshine International Jacqueline Wu November 5, 2015. Table of Content. Introduction What is Integrated Resort? Why does it matter? Where are the new opportunities to Saipan? Best Sunshine’s Development. Introduction.

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Integrated resort model

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  1. Integrated resort model Best Sunshine International Jacqueline Wu November 5, 2015

  2. Table of Content • Introduction • What is Integrated Resort? • Why does it matter? • Where are the new opportunities to Saipan? • Best Sunshine’s Development

  3. Introduction • 5 years at Las Vegas Sands Corp – world’s leading integrated resort developer including The Venetian Macao and Marina Bay Sands • Chaired the pre-opening marketing team to open the 6,000 rooms Sands Cotai Central • Led the brand marketing team at Galaxy Entertainment for their megaresort – Galaxy Macau

  4. What is Integrated Resort? “Integrated resort is to strengthen the leisure and entertainment options to enhance Singapore’s reputation as a “must-visit” destination for leisure and business visitors.” Ministry of Trade and Industry, Singapore By definition, integrated resorts are resorts with mixed development like hotels, restaurants, convention centre, theme park, shopping centre and casino.

  5. Why does it matter? Triggers ~ • Downfall in the tourism industry in years between 2008 – 2009 coinciding with the economic downturn. • Visitors arrivals to Singapore fell by 4.5% in July 2009 from 923,000 down to 881,000 in a single month. • Tourism revenue declined by 19% in the year 2009 What changed? • International visitor arrivals to Singapore registered 16.2% growth to reach 1.05million in January 2011. The highest ever number in a single month. • Visitors’ days were at 4.1 million days, representing 13.3%.

  6. What Changed Singapore?

  7. Resort World Sentosa opened in January 20, 2010 • Marina Bay Sands Opened in April 27, 2010 Economic downturn Source: STB

  8. From 10.1 million in 2008 to 15.5 million in 2013 Source: STB

  9. Source: STB

  10. A Macau Perspective 2002 2012 Voila… 230,000,000 visitors in the past 10 years

  11. What were the opportunities? • Investment in perspective: • Venetian – USD2 billion (3,000 rooms) • Sands Cotai Central Phase I – USD2 billion (2,000 rooms) • City of Dreams – USD2.1 billion (1,400 rooms) • Galaxy Macau phase I – USD1.90 billion (2,200 rooms) • Total jobs: over 40,000 direct jobs in Macau • Indirect opportunities • Laundry, produce, logistics, F&B supplies, stationary, warehousing, talent agencies, property, travel industry, construction material, planting, linens, printing, media

  12. Best Sunshine International • BSI’s USD7.1billion commitment to Saipan • Over 4,000 hotel rooms • 600-seat theatre • 6,000 sqm Meeting space • 10,000 sqm Casino floor • 10,000 sqm Retail area • Over 20 F&B outlets • Over 4,000 jobs promised to the people of CNMI • Bringing in the best management in the industry

  13. … Saipan and BSI together we form a masterpiece … … Putting the CNMI on the world travel map for the right reasons … … A project for the People … … We are a TEAM …

  14. Thank you

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