{"id":29458,"date":"2022-05-02T08:51:24","date_gmt":"2022-05-02T11:51:24","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=29458"},"modified":"2026-04-23T09:07:37","modified_gmt":"2026-04-23T12:07:37","slug":"mbs-hotel-improvements-should-improve-premium-casino-play-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mbs-hotel-improvements-should-improve-premium-casino-play-analysts-say","title":{"rendered":"MBS hotel improvements should improve premium casino play, analysts say"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Analysts at Sanford Bernstein believe that the upgrade of Marina Bay Sands&#8217; hotels will increase the number of players at the casino.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Singapore.- Vitaly Umansky and Louis Li, analysts at Sanford C. Bernstein Ltd, have said that the hotel upgrade at <strong>Marina Bay Sands<\/strong>\u00a0will benefit its casinos. The company plans to upgrade the number of hotel suites from 150 to 450 as part of\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/lvs-to-invest-us1bn-at-marina-bay-sands\" target=\"_blank\">a US$1bn renovation project<\/a>\u00a0that will introduce a new suite product, although the overall number of rooms will be reduced.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Analysts said: &#8220;The additional suites should improve premium casino play, but it will come at the expense of some leisure, free independent traveller, and group customers, as a higher percentage of rooms will go to casino customers.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sanford Bernstein said an increase in premium casino play should benefit Marina Bay Sands&#8217; performance because overall profits will be higher as the business mix changes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Casino Regulatory Authority of Singapore has recently confirmed that&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/marina-bay-sands-licence-extended-until-april-2025\" rel=\"noreferrer noopener\">Marina Bay Sands<\/a>&nbsp;has complied with the requirements of Singapore\u2019s Casino Control Act and has been granted a three-year extension, effective April 26, 2022.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/sands-china-posts-net-loss-of-us336m-for-q1\" rel=\"noreferrer noopener\">Net revenue from Marina Bay Sands<\/a>&nbsp;fell to US$399m, down from US$426m in the first quarter of 2021.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Robert Goldstein<\/strong>, Las Vegas Sands CEO, said: \u201cWhile pandemic-related restrictions continued to impact our financial results this quarter, we were able to generate positive EBITDA at Marina Bay Sands in Singapore, and for the company as a whole.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He added: \u201cWe remain enthusiastic about the opportunity to welcome more guests back to our properties as greater volumes of visitors are eventually able to travel to Macau and Singapore.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Singapore to remove Covid-19 test requirements for fully vaccinated visitors<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Singapore National Tourism Board executive director\u00a0<strong>Keith Tan<\/strong>\u00a0has told a forum in Manila that Singapore aims to remove all Covid-19 tests requirements for fully vaccinated tourists within the next few weeks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The city-state has already&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/singapore-to-reopen-borders-to-fully-vaccinated-travellers-from-april\" rel=\"noreferrer noopener\">lifted most of its restrictions on vaccinated travellers<\/a>, and visitors can now enter without quarantine or testing on arrival. From April 1, those who have been fully vaccinated have been allowed to enter Singapore with&nbsp;<strong>only a pre-departure negative Covid-19<\/strong>&nbsp;<strong>test result<\/strong>.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts at Sanford Bernstein believe that the upgrade of Marina Bay Sands&#8217; hotels will increase the number of players at the casino.<\/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":"Sanford Bernstein analysts project Marina Bay Sands' US$1bn hotel renovation, increasing premium suites, will enhance high-margin casino play, despite reducing overall room count. This strategic shift is expected to improve profitability, coinciding with MBS securing a three-year license extension from Singapore's Casino Regulatory Authority and Singapore's progressive removal of COVID-19 travel restrictions.","focusai_entities":"Sanford C. Bernstein Ltd, Vitaly Umansky, Louis Li, Marina Bay Sands, Casino Regulatory Authority of Singapore, Robert Goldstein, Las Vegas Sands, Singapore National Tourism Board, Keith Tan","focusai_location":"Singapore, Macau, Manila","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.8), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"MBS ROI on Renovation","query":"What is the projected return on investment for Marina Bay Sands' US$1bn renovation, specifically considering the shift towards premium casino play and the reduction in overall room inventory?"},{"label":"Singapore Tourism Impact","query":"How will Singapore's accelerated removal of COVID-19 travel restrictions specifically impact the GGR trajectory and visitor volumes for integrated resorts like Marina Bay Sands in the next 12-18 months?"}],"footnotes":""},"categories":[157,158,16333],"tags":[168],"class_list":["post-29458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-slider-home","category-south-east-asia-news","tag-marina-bay-sands"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29458","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=29458"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29458\/revisions"}],"predecessor-version":[{"id":29487,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29458\/revisions\/29487"}],"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=29458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}