Marina Bay Sands to Begin $3.3B Expansion in 2025
Singapore's iconic Marina Bay Sands (MBS) casino resort, owned and operated by Las Vegas Sands (LVS), is poised for yet another expansion. The ambitious project, set to commence in July 2025, will see the addition of a fourth tower and will cost around $3.3 billion, according to a LVS announcement.
LISTEN TO THIS ARTICLE:Sustainability is at the heart of the expansion, with the design incorporating eco-friendly features and practices. The commitment to environmental stewardship ensures that the development not only adds to the city's allure but also contributes to a greener future.
Related: Las Vegas Sands May Need Record Loan for Marina Bay Sands ExpansionThe new tower, designed by Safdie Architects, promises to be a paragon of luxury. With an all-suite hotel that sets new standards in hospitality, the tower will feature a sky roof, offering breathtaking views of the city. This architectural marvel is not just an addition to the existing structure but a testament to the innovative spirit that drives Singapore's development.
The 15,000-seat entertainment arena is poised to become a hub for international events, attracting top entertainers from Asia and around the globe. Its strategic positioning between the existing property and the fourth tower allows for an integrated experience, blending luxury with entertainment. The arena will serve as a vibrant venue for concerts, sports events, and other large-scale gatherings, providing an unparalleled experience for attendees.
The expansion is more than just a construction project; it's a significant investment in Singapore's future. As noted by Patrick Dumont, president and chief operating officer of LVS, this development will drive tourism growth and contribute to Singapore's position as a leading MICE (meetings, incentives, conferences, and exhibitions) destination.
The project is expected to create numerous jobs and attract millions of visitors, boosting the local economy and enhancing Singapore's global appeal. Its completion is targeted for July 2029.
More Business News
The Transformation Journey Continues
MBS has been on a monumental journey of transformation. With an initial investment of $1 billion, it has already revamped Towers 1 and 2, infusing them with new vitality and luxury. The first phase of this reinvestment saw the complete refurbishment of approximately 1,280 rooms, including around 390 new suites under two distinct collections – The Paiza Collection and The Sands Collection.
As MBS enters the final stages of this first-phase reinvestment, it has not slowed down its momentum. In a recent announcement, an additional $750 million has been allocated to upgrade Tower 3.
This second phase of transformation is set to focus on the hotel lobby and Sands SkyPark, introducing over 550 redesigned rooms, approximately 380 of which are suites. The commitment to enhancing the guest experience extends to an upgraded VIP arrival experience, new premium dining, retail offerings and a renewed focus on wellness for guests. The completion of these enhancements is expected to be carried out in phases through next year.
RELATED TOPICS: Business
Latest News
Most Read
Must Read
Interviews
When Helping Others Is a Life-Long Mission - An Interview with Gordon Moody CEO, Monica Shafaq
Dec 17, 2024
Interviews
Review this New Post
Leave a Comment
User Comments
Comments for Marina Bay Sands to Begin $3.3B Expansion in 2025