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Contents Marina Bay Sands Introduction Development of MBS Pictures of Marina Bay Sands The 4 Principles of governance Relation of principles of governance to MBS Credits
Marina Bay Sands Introduction Marina Bay Sands is the second integrated resort in Singapore. It was developed by Las Vegas Sands, one of the worlds biggest gaming companies. It is billed as the worlds most expensive standalone casino property at a whopping S$8 billion, including cost of the prime land.
Introduction The resort officially opened with a two- day celebration on 23 June 2010 at 3.18 pm, after a partial opening on 27 April 2010. The theatres were completed on 30 November 2010. The floating pavilions are still being built and are expected to be fully completed by 2011.
Introduction The indoor skating rink, which uses artificial ice, opened on 18 December 2010.
The 4 Principles of governance Leadership is key Work for reward and reward for work A stake for everyone and Opportunities for all Anticipating change and staying relevant
Relation of 4 principles of governance to MBS The 4 principles of governance are all related to Marina Bay Sands in a certain way. This can be in terms of foresight, boosting the economy and providing more employment for the people..
Leadership is key In the development of MBS, capable leaders of the government were needed to form a good relationship with Las Vegas Sands in order to work together to develop MBS, it can be concluded that these driven and far- sighted leaders of the government played a crucial role in ensuring that MBS was developed without loopholes and mistakes, thus enriching Singapore, without them, there would be no MBS.
Work for reward and reward for work The development of MBS would provide the people with a place for leisure, enjoyment and a break off from work, thus in a sense rewarding the people and encouraging them to work harder for Singapore and make it a better place, MBS is also considered is the reward for the many people that are involved in its development.
A stake for everyone, opportunities for all The development of the MBS gives everyone a chance to be a part of its development and prosperity, it also provides employment for the people and at the same time entertainment. Therefore is was a far- sighted move by the government to not only provide jobs and opportunities for all but to also boost Singapores economy by attracting tourists to the MBS.
Anticipating change and staying relevant The government had anticipated change and stayed relevant by developing MBS which would not only boost Singapore’s economy but would also drive Singapore to complete globally with other bigger countries such as America in terms of the tourism industry. The government also anticipated change by predicting that if they did not do something to boost Singapores economy, Singapore might face problems in the future and might even have another recession which Singapore could not afford.