Analysts at Sanford C. Bernstein Ltd. predict the casino operator will see business grow in the second quarter and accelerate into 2023.<\/p>\n\n\n\n\n\n\n\n
Singapore.- Marina Bay Sands is expected to return to pre-pandemic levels of business in two years’ time following the reopening of Singapore’s borders to\u00a0all fully vaccinated travellers<\/a> on April 1. Sanford Bernstein forecast that\u00a0Marina Bay Sands’ annual EBITDA will recover to over US$1.7bn<\/strong> by 2024\u00a0and grow to approximately US$1.9bn by 2025, with EBITDA margins improving to 51 \u2013 52 per cent returns.<\/p>\n\n\n\n Analysts pointed out local authorities aim to increase passenger traffic to around 50 per cent of pre-pandemic levels by the end of this year, from around 18 per cent in mid-March.<\/p>\n\n\n\n Vitaly Umansky, an analyst at Sanford C. Bernstein Ltd<\/strong> said: \u201cWe expect a ramp-up in business activity at Singapore integrated resorts to start in the second quarter, and accelerate into 2023.”<\/p>\n\n\n\n Umansky added that the agency expects the casino operator to achieve a significant leap in performance following the completion of the second phase of its expansion beyond 2025.<\/p>\n\n\n\n Las Vegas Sands has recently announced that the Singapore Tourism Board has allowed the company to extend the deadline for its SGD4.5bn (US$3.31bn) expansion project<\/a> at Marina Bay Sands<\/strong> casino resort to April 8, 2023.<\/p>\n\n\n\n In 2019, Las Vegas Sands had committed to\u00a0invest S$4.5bn (US$3.3bn) in the expansion of the Marina Bay Sands hotel\u00a0<\/strong>within eight years. However,\u00a0the project was delayed<\/a>\u00a0due to the Covid-19 pandemic. The company has also started\u00a0a separate US$1bn renovation project<\/a>\u00a0at Marina Bay Sands.<\/p>\n","protected":false},"excerpt":{"rendered":" Analysts at Sanford C. Bernstein Ltd. predict the casino operator will see business grow in the second quarter and accelerate into 2023.<\/p>\n","protected":false},"author":176,"featured_media":18007,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Sanford C. Bernstein Ltd. forecasts Marina Bay Sands' EBITDA will recover to pre-pandemic levels by 2024, reaching US$1.7bn, and grow to US$1.9bn by 2025, with improved margins. This recovery is driven by Singapore's border reopening and is expected to accelerate into 2023. Las Vegas Sands has also secured an extension for its SGD4.5bn expansion project at Marina Bay Sands until April 2023, alongside a separate US$1bn renovation.","focusai_entities":"Sanford C. Bernstein Ltd., Marina Bay Sands, Vitaly Umansky, Las Vegas Sands, Singapore Tourism Board","focusai_location":"Singapore","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.8)","focusai_suggestions":[{"label":"MBS Expansion ROI?","query":"What is the projected return on investment and timeline for the SGD4.5bn expansion and US$1bn renovation projects at Marina Bay Sands, considering the revised completion deadline?"},{"label":"Singapore Market Outlook?","query":"How do the projected passenger traffic recovery rates and Marina Bay Sands' performance forecasts impact the broader competitive landscape and regulatory considerations for integrated resorts in Singapore?"}],"footnotes":""},"categories":[157,16333],"tags":[168],"class_list":["post-28974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-marina-bay-sands"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28974","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=28974"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28974\/revisions"}],"predecessor-version":[{"id":29002,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28974\/revisions\/29002"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18007"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}