Las Vegas Sands Expands Marina Bay Sands

Las Vegas Sands today announced a bold expansion plan for Marina Bay Sands in Singapore, which will see the world’s most successful and recognizable integrated resort add significant new tourism products to the property.

The company said it has signed a development agreement with the Singapore government and will quickly begin work on the new project. Located directly adjacent to the existing Marina Bay Sands Integrated Resort (IR), the core element of the development will be a state-of-the-art 15,000-seat arena, luxury hotel tower and additional MICE (conference, incentive, convention and exhibition) space.

“Marina Bay Sands is an iconic tourist destination that transcends all of our hopes for Singapore’s growing leisure and business tourism, and it is an honor to receive continuous development support from the Singaporean government. The property has been an incredible success for both Singapore and our company and we plan on building even more with this expansion,” said Sheldon G. Adelson, Las Vegas Sands chairman and chief executive officer.

Since its opening in 2010, Marina Bay Sands has attracted more than 330 million visitors. Since its opening, the property has brought more than 700 new MICE events to Singapore and in 2018 alone hosted 3,680 events at Sands Expo and Convention Center.

The new 15,000-seat arena will play a key role in attracting new and recurring visitors to Singapore. With leading design and cutting-edge technology, the arena will attract top celebrities from Asia and around the world. Its cutting-edge production capabilities will appeal to performers who may not have previously included Southeast Asia on their tour. With about 1,000 suites, the hotel tower, which will set up a new standard of luxury in Southeast Asia, will also include a skyroof with a swimming pool and signature restaurant. The tower will feature a dramatic combination of atrium, a terrace, a conference room, a ballroom, and an exhibition hall, along with an interesting food and beverage offering. The company said that Moshe Safdie, Aedas, and Gensler, who originally designed the property, plan to be part of the team responsible for the building’s design elements. The total estimated expansion budget is currently around $3.3 billion (Singapore $4.5 billion), and the completion schedule is not yet available.

“New luxury hotel accommodation and global entertainment venues are exactly the catalyst needed to drive further visits to Singapore, particularly Marina Bay Sands,” said Rob Goldstein, the company’s president and chief operating officer. “The expansion of IR in Singapore is a key component of our company’s strategic growth plan and also reflects Singapore’s strong tourism and business potential. Additional hotel rooms are critical for us in addressing demand generated by leisure and business tourists and premium gaming customers.”

Mr. Adelson added that the new development will grow overall tourism in Singapore in much the same way that Marina Bay Sands has since its opening. “I am very proud of the promises we have made and the continuing relationship with the people of Singapore and the government. The development of an integrated resort in Singapore is a tremendous example of a joint effort between the government and private sector to maximize opportunities that benefit all involved,” Mr. Adelson concluded. 온라인카지노