Las Vegas Sands plans expansion of Marina Bay Sands

Las Vegas Sands plans expansion of Marina Bay Sands

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Las Vegas Sands plans expansion of Marina Bay Sands

As part of the previously disclosed expansion plans for the venue, Las Vegas Sands may increase the square area allotted to the casino at its Marina Bay Sands integrated resort in Singapore.

The operator is anticipated to provide additional information later this year over what may be a $7.5 billion Marina Bay Sands expansion. Nevertheless, some news reports suggest that the additional casino space might be another location meant to enhance the already-existing resort. In the city-state, Sands plans to build a fourth skyscraper at the famous location. Although there won’t be a second casino added, some rumors suggest Sands may expand the MBS gaming area.

The CEO of Sands, Rob Goldstein, stated during a Wednesday investor conference that while the new Singapore project will have fewer rooms than MBS, it will contain a gaming area and a live entertainment space. MBS, the world’s most valuable casino brand, is one of Singapore’s two integrated resorts. Resorts World Sentosa by Genting is the alternative. Singapore, which is well-known for restricting its gambling options to the Sands/Genting duopoly, is allowing the operators to gradually grow in an effort to draw in more tourists. The new entertainment venue would like to draw major acts from Asia and the US.

Being the only operating market for Sands outside of Macau, it makes sense for the firm to take advantage of other expansion prospects in Singapore in addition to expanding Marina Bay Sands. One of the gems in the Asia-Pacific gaming industry is MBS, and it needs to be improved to be competitive in this increasingly cutthroat market. One of the wealthiest casino hotels globally, it has a talent for drawing in affluent patrons from all across Asia. The operator may complete the MBS expansion project by 2029, with construction set to begin the following year.

Goldstein hinted at the possibility that Singapore gross gaming revenue (GGR) may surpass seven billion dollars this year and then rise to ten billion dollars over the course of the following several years during the investor conference. Sands benefits from its presence at Marina Bay Sands, which is a vital component of Singapore’s commercial and leisure travel industries. 

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