Las Vegas Sands is expanding its Marina Bay Sands casino complex in Singapore with an $8 billion investment, featuring a new 55-storey hotel tower, luxury boutiques, a casino, and a 15,000-seat arena. The groundbreaking ceremony was attended by CEO Robert Goldstein and Singapore Prime Minister Lawrence Wong. The existing resort, opened in 2010, has become vital for Las Vegas Sands, generating $1.2 billion in the first quarter of the year, outperforming its Macau operations. The company has shifted its focus to Asia by selling its Las Vegas properties in 2022.
Las Vegas Sands is doubling down on its Singapore bet with a new $8 billion integrated resort, expanding its existing Marina Bay Sands casino complex. The U.S. casino operator broke ground on the site on Tuesday, featuring a 55-storey hotel tower, luxury boutiques, a casino, and a 15,000-seat arena. CEO Robert Goldstein stated the company's intention to deliver a product that will set a new standard for luxury tourism in Singapore.
Las Vegas Sands opened its Singapore casino in 2010, and it has become a significant revenue source. The company reported $1.2 billion from its Singapore integrated resort compared to $1.7 billion for its five casinos in Macau.
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