SINGAPORE: Singapore opened the first of two casino resorts today, part of a multi-billion US dollar bet to transform itself into a hot tourist destination and reduce the economy's reliance on manufacturing.

The casino at Resorts World Sentosa welcomed its first punter -- a middle aged Singaporean woman -- at the auspicious time of 12:18 pm (04:18 GMT) on the first day of the Chinese Lunar New Year.

When pronounced in the Cantonese dialect, 12:18 sounds like "prosperity". The first bettor was followed by an initial crowd of about 200 enthusiastic gamblers and within hours of the opening, hundreds more were queuing up outside. Ushers gave out free bottled water and ice cream in the sweltering tropical heat.

The opening -- to be followed within months by a second casino resort built by Las Vegas Sands in Singapore's business district -- is part of an ambitious plan to transform the city into a key destination for casino high-rollers, business executives and families.

Resorts World Sentosa, which is on Sentosa island, a former British garrison linked to the main island by bridge, is owned by Malaysian gaming giant Genting Group. "We have waited a long time for this. Today's opening of the casino is a milestone for Resorts World Sentosa, for Genting Group and for Singapore," said group chairman Lim Kok Thay.

The construction of Resorts World Sentosa, together with the Las Vegas Sands' casino resort, Marina Bay Sands, is costing more than $10 billion. They will also offer visitors a range of glitzy hotels, restaurants and luxury goods shops. Genting's casino complex includes a Universal Studios movie theme park, which it opened Sunday for sneak previews ahead of full operations.

Singapore, host to thousands of multinational corporations, is already a major travel draw because of its reputation for safety, cleanliness and efficiency, as well as man-made attractions such as top-end shopping malls.

However, it is a tiny island which lacks the white-sand beaches and breath-taking scenery found in neighbouring countries like Indonesia and Malaysia and the government is continually searching for new ideas to create a buzz about the city-state.

In 2008 it made sporting history when it hosted the world's first Formula One night race.

It has built the world's biggest observation wheel, the Singapore flyer, and an arts venue and has given its prime Orchard Road shopping belt a makeover.

Now it plans a landscaped area called Gardens by the Bay near the Marina Barrage built in 2008.

The city-state is aiming to get 17 million visitors a year generating more than 21 billion US dollars by 2015, up from 9.7 million visitors last year.

Analysts expect the casino resorts to help the city meet those targets.

"There is clearly a push to add to the range and depth of attractions here and that is important for a place like this," said Robert McIntosh, an executive director with CBRE Hotels Asia Pacific, a consultancy firm.