In 2006, LVS was awarded a widely-sought gambling license in Singapore over competitors MGM Mirage, Harrah's Entertainment and Keppel Land, and Genting International PLC and Star Cruises.[1] This license will grant LVS exclusive early access to a fresh gaming market that could perform as well as the Macau gaming industry. Furthermore, as other Asian countries loosen their gambling laws, LVS's ownership of both Macau and Singapore gaming licenses makes the company a likely candidate to secure more licenses and enter more fresh casino markets early.