Las Vegas Sands doubles fresh MBS investment to $10.6b
The Straits Times|October 25, 2024
Aim is to build best hotel in the world that will enhance Singapore's tourism appeal

Las Vegas Sands (LVS), the parent company of Marina Bay Sands (MBS), now estimates it will spend US$8 billion (S$10.6 billion) on the integrated resort's (IR) expansion project, more than doubling its original planned investment amount.

Dubbed Marina Bay Sands IR2, the fourth tower will include 570 hotel rooms, premium gaming areas, a sky roof, a 15,000-seat entertainment arena, and additional premium Mice (meetings, incentives, conferences and exhibitions) space, as well as new food and beverage (F&B) and nightlife offerings.

Investment in the project, which was initially announced in April 2019 at the cost of US$3.3 billion, has since more than doubled to US$8 billion, LVS said in its third-quarter earnings presentation on Oct 23.

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The Straits Times

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The Straits Times

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The Straits Times

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The Straits Times

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The Straits Times

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The Straits Times

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5 mins  |
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6 mins  |
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The Straits Times

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