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Singapore – Sands announces US$3.3bn expansion of Marina Bay Sands

By - 3 April 2019

Las Vegas Sands is spending $3.3bn on expanding Marina Bay Sands in Singapore adding a 15,000-seat arena, a luxury hotel tower and additional MICE (Meeting, Incentive, Convention, and Exhibition) space to what Sands says is already ‘the world’s most successful and recognisable integrated resort.’

With the Singapore government already approving the expansion, work on the new project will begin soon although a timeline for its completion is not yet available. It will be located immediately adjacent to the existing Marina Bay Sands.

Las Vegas Sands Chairman and Chief Executive Officer Sheldon Adelson said: “Marina Bay Sands is an iconic tourism destination that has exceeded all of our hopes in growing leisure and business tourism in Singapore and it is a privilege to receive the Singapore government’s continued support of its development. The property has achieved amazing success for both Singapore and our company and we plan to create even more with this expansion.”

Since opening in 2010, Marina Bay Sands has attracted more than 330 million visitors. The property has brought over 700 new MICE events to Singapore since opening and hosted 3,680 events at the Sands Expo and Convention Centre in 2018 alone.
The new 15,000-seat arena will play a key role in bringing new and repeat visitors to Singapore. With leading design and cutting edge technology, the venue will attract top entertainers from Asia and around the world. Its state-of-the-art production capability will appeal to performers who might not have previously included Southeast Asia on their tours.

The hotel tower, which will feature approximately 1,000 all-suite rooms and set a new standard of luxury in Southeast Asia, will also include a sky roof with a swimming pool and a signature restaurant. The tower will feature a dramatic atrium and terraces along with exciting food and beverage offerings and a combination of meeting rooms, ballrooms and exhibition halls. The company said Moshe Safdie, who designed the original property, Aedas and Gensler are planning to be part of the team responsible for the design elements of the building.

“New luxury hotel accommodations and a world-class entertainment venue are exactly the catalysts we need to drive additional visitation to Singapore, and specifically to Marina Bay Sands,” said Rob Goldstein, the company’s president and chief operating officer. “The expansion of our Singapore IR is a key component of our company’s strategic growth plan and also reflects the strong tourism and business potential in Singapore. The additional hotel rooms are extremely important to us in addressing the demand created by our leisure and business tourists and our premium gaming customers.”

Mr. Adelson added that the new development would grow overall tourism to Singapore – much the same way Marina Bay Sands has since opening – continue to create good jobs for Singaporeans and give a boost to local companies who will benefit from the increased tourism and additional procurement spending. “I’m very proud of the commitments we have fulfilled and our on-going relationship with the people and government of Singapore. Integrated resort development in Singapore is a tremendous example of government and private business working together to maximise an opportunity that benefits all those involved,” concluded Mr. Adelson.

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