{"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

Las Vegas Sands Corp plans to upgrade its hotel accommodations at Marina Bay Sands in Singapore.<\/p>\n\n\n\n\n\n\n\n

Singapore.- At the presentation of financial results for the last quarter of 2021,\u00a0Robert 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

The project is separate from Las Vegas Sands’ commitment to the Singapore government in 2019 to\u00a0invest S$4.5bn (US$3.3bn) in the expansion of the Marina Bay Sands hotel<\/strong>. The pledge coincides with the group’s extension of Singapore casino rights to 2030.<\/p>\n\n\n\n

Goldstein stated: “We have embarked on a US$1bn renovation project at MBS that will introduce luxurious new suite product into the resort.”<\/p>\n\n\n\n

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\u00a0expansion plans of Singapore\u2019s two integrated resorts<\/a>\u00a0will be delayed due to the Covid-19 pandemic.<\/p>\n\n\n\n

Sands China posts US$245m net loss for Q4<\/h2>\n\n\n\n

Sands China<\/a>\u00a0reported a net loss of US$245m for the fourth quarter of the year 2021. 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

In full-year results, net revenues rose 70.4 per cent year-on-year<\/strong> 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":"

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}]}}