Transcript to Jacqueline Wu`s "Integrated Resort Model"

INTEGRATED RESORT
MODEL
Best Sunshine International
Jacqueline Wu
November 5, 2015
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Table of Content
• Introduction
• What is Integrated Resort?
• Why does it matter?
• Where are the new opportunities to
Saipan?
• Best Sunshine’s Development
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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
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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
Retail
Hotel
Entertainment
Casino
MICE
By definition,
integrated
resorts are
resorts with
mixed
development
like hotels,
restaurants,
convention
centre, theme
park, shopping
centre and
casino.
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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%.
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What
Changed
Singapore?
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• Resort World Sentosa
opened in January 20, 2010
Economic • Marina Bay Sands Opened in
April 27, 2010
downturn
Source: STB
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From 10.1 million in
2008 to 15.5 million
in 2013
Source: STB
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Source: STB
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A Macau Perspective
2002
2012
Voila… 230,000,000 visitors in the past 10 years
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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
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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
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… 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 …
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THANK YOU