Singapore's Marina Bay Sands Making Significant Changes to Gaming Tables
Singapore's Marina Bay Sands (MBS) is undertaking a major technological upgrade to its gaming operations, with plans to install a comprehensive smart table solution across all gaming tables by the end of 2025. This initiative forms part of the resort's broader strategy to ensure sustainable growth and enhance its competitive edge in the gaming industry.
The Marina Bay Sands integrated resort in Singapore at night. (Source: Las Vegas Review-Journal)
LISTEN TO THIS ARTICLE:The announcement was made by MBS's parent company, Las Vegas Sands (LVS), as part of an investor presentation detailing plans for the integrated resort's expansion and refurbishment. The presentation highlighted revenue and profit forecasts, financial performance drivers, and technological advancements being introduced, particularly in baccarat, the resort's leading growth segment.
Related: Las Vegas Sands May Need Record Loan for Marina Bay Sands ExpansionThe company revealed that new baccarat variants enabled by smart gaming table technology have already contributed significantly to its financial performance. The same system is also being adopted across LVS properties in Macau.
MBS has been a leader in baccarat innovation, adopting Tiger Baccarat with banker 6-based side bets in 2018 and introducing Dragon Tiger Baccarat, featuring Dragon 7-based side bets, earlier this year. These innovations have been supported by the deployment of a smart table solution developed in collaboration with Angel.
The technology incorporates RFID, video analytics, and artificial intelligence, enhancing both game efficiency and player experience. As of mid-2024, a dual-camera AI solution has been installed at all rolling and premium mass tables, with full deployment across all tables anticipated by the end of 2025.
The upgrades have had a measurable impact on operational performance. LVS reported that the rolling hold percentage for baccarat has increased from 2.65% in 2016 to 3.69% year-to-date in 2024, attributed in part to the introduction of appealing side bets facilitated by the smart table solution. Baccarat remains the core growth driver for MBS, and the company sees further potential for expansion as these innovations continue to enhance the gaming experience.
More Business News
MBS Working on $9B Loan Plan
While transforming its gaming floor, MBS is also pursuing financial backing for its ongoing and future development projects. Bloomberg reports that the company is negotiation with banks for approval of a loan of approximately $9 billion, potentially the largest financing deal in Singapore's history.
The previous record was a $6.9 billion loan arranged in 2012 for the acquisition of Fraser & Neave Ltd by Thai billionaire Charoen Sirivadhanabhakdi. The new financing is intended to support MBS's $8 billion expansion plan, which includes the planned developed of a fourth hotel tower and the refinancing of existing debts. According to reports, the loan is being facilitated by DBS Group Holdings Ltd., Malayan Banking Bhd., Oversea-Chinese Banking Corp., and United Overseas Bank Ltd.
The company forecasts an annual Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of $3.5 billion once the expansion is complete. The 12-month EBITDA as of the third quarter of 2024 was $2.06 billion, with expectations of reaching $2.5 billion by mid-2025, following the completion of ongoing redevelopment efforts.
RELATED TOPICS: Business
Latest News
Responsible Gambling
New Jersey Makes Significant Change to Gambling Self-Exclusion Program
Dec 24, 2024
Most Read
Parlays, Pressure, and Addiction - The Risks of Modern Sports Betting
Dec 20, 2024Must 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 Singapore's Marina Bay Sands Making Significant Changes to Gaming Tables