{"id":26926,"date":"2022-02-03T07:38:19","date_gmt":"2022-02-03T10:38:19","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=26926"},"modified":"2026-04-23T11:39:41","modified_gmt":"2026-04-23T14:39:41","slug":"lvs-to-invest-us1bn-at-marina-bay-sands","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/lvs-to-invest-us1bn-at-marina-bay-sands","title":{"rendered":"LVS to invest US$1bn at Marina Bay Sands"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Las Vegas Sands Corp plans to upgrade its hotel accommodations at Marina Bay Sands in Singapore.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Singapore.- At the presentation of financial results for the last quarter of 2021,\u00a0<strong>Robert Goldstein<\/strong>, Las Vegas Sands\u2019 chairman and chief executive said the company has started a US$1bn renovation project at Marina Bay Sands.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The project is separate from Las Vegas Sands&#8217; commitment to the Singapore government in 2019 to<strong>\u00a0invest S$4.5bn (US$3.3bn) in the expansion of the Marina Bay Sands hotel<\/strong>. The pledge coincides with the group&#8217;s extension of Singapore casino rights to 2030.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Goldstein stated: &#8220;We have embarked on a US$1bn renovation project at MBS that will introduce luxurious new suite product into the resort.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">LVS plans to finish the renovation project by 2026. However, in January Alvin Tan Sheng Hui, Singapore\u2019s minister of state for trade and industry, said\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/singapores-ir-expansion-plans-delayed-due-to-covid-19\">expansion plans of Singapore\u2019s two integrated resorts<\/a>\u00a0will be delayed due to the Covid-19 pandemic.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Sands China posts US$245m net loss for Q4<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/sands-china-posts-us245m-net-loss-for-q4\">Sands China<\/a>\u00a0reported a net loss of US$245m for the fourth quarter of the year 2021. <strong>Revenue for the fourth quarter was up 5.4 per cent to US$649m<\/strong>. However, the figure was down 3.9 per cent when compared to the prior-year period. Adjusted property EBITDA was US$74m, which compares to US$47m in 2020.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In full-year results,<strong>&nbsp;net revenues rose 70.4 per cent year-on-year<\/strong>&nbsp;to US$2.87bn while net loss was US$1.05bn, compared to US$1.52bn in 2020. Adjusted property EBITDA for 2021 stood at US$338m, compared to a negative figure of US$431m in 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Las Vegas Sands Corp plans to upgrade its hotel accommodations at Marina Bay Sands in Singapore.<\/p>\n","protected":false},"author":176,"featured_media":18107,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Las Vegas Sands Corp. is undertaking a US$1bn renovation at Marina Bay Sands in Singapore, distinct from its S$4.5bn expansion commitment tied to extended casino rights until 2030. Concurrently, Sands China reported a Q4 2021 net loss of US$245m, despite revenue growth, reflecting ongoing market recovery challenges. Broader integrated resort expansion plans in Singapore are facing delays due to the Covid-19 pandemic.","focusai_entities":"Las Vegas Sands Corp, Marina Bay Sands, Robert Goldstein, Singapore government, Sands China, Alvin Tan Sheng Hui","focusai_location":"Singapore","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"MBS Renovation ROI?","query":"How will the US$1bn MBS renovation impact LVS's projected return on investment and competitive positioning against other regional integrated resorts, especially given the broader expansion delays?"},{"label":"Singapore Rights Impact?","query":"What specific regulatory concessions or performance metrics are tied to the extended Singapore casino rights, and how might the pandemic-induced delays affect LVS's ability to meet these commitments?"}],"footnotes":""},"categories":[157,16338],"tags":[],"class_list":["post-26926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=26926"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26926\/revisions"}],"predecessor-version":[{"id":26955,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26926\/revisions\/26955"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18107"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=26926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=26926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=26926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}