Las Vegas Sands breaks ground on US$8bn Marina Bay Sands expansion in Singapore
The expansion will include a new 55-storey, 570-suite hotel tower.
Singapore.- Las Vegas Sands has begun construction on a new US$8bn ultra luxury development at Marina Bay Sands in Singapore. It expects completion by June 2030 with an anticipated opening date in January 2031 – a delay from the previous target date of July 8, 2029.
The ground breaking ceremony was officiated by Singapore’s prime minister and minister for finance Lawrence Wong, minister for Sustainability and the Environment and minister-in-charge of Trade Relations Grace Fu, Sands co-founder Dr. Miriam Adelson, Sands chairman and chief executive officer Robert Goldstein, and Sands president and chief operating officer Patrick Dumont.
The Marina Bay Sands expansion project includes a 55-storey, 570-suite hotel tower with dining, luxury retail, gaming and spa and wellness amenities. A key feature is the 76,000-square foot Skyloop podium – with an observatory, F&B and rooftop gardens, alongside infinity pools and cabanas. The property is also to feature a 15,000-seat arena.
Sands chairman and chief executive officer Robert Goldstein said: “With its opening in 2010, our founder Sheldon G. Adelson embarked on a journey in Singapore with Marina Bay Sands and the people of Singapore that promised to change the face of tourism in the region.
“Fifteen years later, we have delivered on these ambitions and more. Marina Bay Sands is the world’s most successful integrated resort in history, and the gold standard in the industry. It has been truly incredible to witness Mr. Adelson’s vision come to life, and we are proud to carry his legacy forward with today’s groundbreaking ceremony for our new development here. We have every intention of delivering a product that will be the envy of the hospitality industry and usher in a new era of luxury tourism in Singapore.”
The new property is being designed by Safdie Architects, led by Moshe Safdie.
Sands president and chief operating officer Patrick Dumont, said: “Over the years, Marina Bay Sands has been integral in strengthening Singapore’s position as a major tourism powerhouse. By the time our new ultra-luxury development is complete, we will have invested more than US$15bn since we started operations in Singapore in 2010. This speaks volumes about our confidence in this region and the potential that we continue to see in Singapore. We are privileged to have benefited over the past 15 years from factors that make Singapore great – excellent infrastructure and a strong and supportive government with a forward-looking vision.”
Dumont added, “We are proud of the transformative impact that Marina Bay Sands has had and are highly optimistic about building on this strong foundation. Our new development will raise the bar and redefine the ultra-luxury hospitality realm on a global scale, fueling further growth of high-value tourism while our state-of-the-art arena will attract the world’s most popular performers and usher in a new era of live entertainment in the region. We look forward to forging a new chapter together and continuing to contribute meaningfully to Singapore’s future success.”
In February, Las Vegas Sands announced that Marina Bay Sands (MBS) has secured a loan of SG$12bn (US$8.96bn), the largest in Singapore’s history. At least part of the funds will be used directly to finance the expansion of the Marina Bay Sands complex.
The expansion plan was initially announced in 2019. The deadline has been pushed back several times due to construction risks. LVS has reported that the renovation of Towers I and II of the IR is now complete.
