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1. First mover advantage
Could open earlier than expected, possibly in Dec 09 / Jan 10. Overtake Marina Bay Sand (launch postponed to 1Q10 from end 09). An advantage in locking in local market share (S$2000 annual pass in lieu of S$100/entry to be paid by Singapore residents is exclusive to one casino).

2. Award of casino licence in 4Q09
It already fulfilled the basic requirements to apply for a casino licence, ie completion of >50% of gross floor area and spending >50% of committed amount. RWS has started liasing with the authorities with regards to the application process, with a final submission expected in 3Q09.

3. Announcement of exact soft opening date
Expected to reveal a concrete opening date in Sep 09.

4. Encouraging response for hotel bookings
Bookings for the four hotels (1,350 rooms in total) should be made available soon. Consumer sentiments and risk appetite have improved following more encouraging economic data globally and recent stock market rally.

5. Recovery UK casino operations


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