Las Vegas Sands Corp. (NYSE: NYSE:LVS) has unveiled plans for a significant expansion of its Marina Bay Sands resort in Singapore, with construction set to commence by July 2025 and completion targeted for July 2029. The project, designed by Safdie Architects, includes a new luxury hotel tower featuring a sky roof, a 15,000-seat state-of-the-art entertainment arena, and additional space for meetings, incentives, conferences, and exhibitions (MICE).
The expansion aims to bolster Singapore's position as a leading destination for both leisure and business travel. The new arena is expected to attract top entertainers from Asia and across the globe, enhancing the region's live entertainment offerings. Additionally, expanding MICE facilities is anticipated to draw new events to Singapore that have not been held there before.
Patrick Dumont, President and COO of Marina Bay Sands' parent company, stated that the development is supported by the Singapore Government and is designed to drive high-value tourism growth. He emphasized that the all-suite hotel tower will offer new standards of hospitality, the arena will bring high-caliber global entertainment events, and the MICE space will contribute to Singapore's success as a premier MICE destination.
This expansion is separate from a US$1.75 billion reinvestment in the existing Marina Bay Sands property, which represents the largest reinvestment since its opening in 2010. The reinvestment has already led to the complete refurbishment of Hotel Towers 1 and 2, with work currently focusing on Hotel Tower 3, the Hotel Lobby, and Sands SkyPark. Upgrades include a redesigned VIP arrival experience, new premium dining and retail options, a transformed lobby, and enhanced guest wellness experiences.
The announcement indicates Las Vegas Sands' commitment to growing its economic, employment, and visitorship contributions in Singapore in the coming years. This information is based on a recent SEC filing.
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