Marina Bay Sands completes hotel room renovations
The integrated resort now has approximately 1,850 rooms, including 775 suites.
Singapore.- Marina Bay Sands (MBS) has today (May 13) announced that it has completed the renovation of its hotel rooms. The property now has around 1,850 rooms, including 775 suites. The renovation is part of a US$1.75bn expansion plan announced in 2022.
The casino operator has updated about 1,480 rooms and suites in The Sands Collection and the 370 rooms in the Paiza Collection, mostly suites. It had already announced completion of the luxury suites in the Paiza Collection on the top floors of its three towers in November. The total number of hotel suites has risen from 180 to 775.
The expansion also includes a new Cantonese restaurant, Jin Ting Wan in Tower I, scheduled to open in July. Other planned renovations include updates to LAVO Italian Restaurant & Rooftop Bar later this year.
In the first quarter of this year, MBS generated net revenue of US$1.16bn. The figure was up 1.75 per cent sequentially but flat when compared to last year. The casino operator’s adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA) was US$605m, up 1.3 per cent in year-on-year terms and 12.66 per cent when compared to the fourth quarter of 2024.
Casino revenue was down 0.2 per cent year-on-year from US$859m to US$857m. Rolling chip volume was US$8.02bn, down 2.74 per cent year-on-year and the non-rolling chip drop was up 9.52 per cent at US$2.3bn. The slot handle was down 12.12 per cent at US$5.8bn.
Non-gaming revenue was up 2.34 per cent in year-on-year terms from US$306m. Hotel occupancy was 95.6 per cent.
