Deutsche Bank estimates that the budget could increase to US$4bn.<\/p>\n\n\n\n\n\n\n\n
Singapore- Las Vegas Sands <\/strong>is likely to increase the budget for its Marina Bay Sands revamp project<\/strong> in Singapore to US$4bn, according to Deutsche Bank. <\/p>\n\n\n\n The original budget for the project was US$3bn, including US$900m for the land premium, which was paid several years ago. However, last year, the company said inflation, material and labour expenses and other factors have led to higher costs for work on the hotel expansion<\/a>.<\/p>\n\n\n\n The proposed expansion would include a new hotel tower with 1,000 rooms and suites, MICE facilities, a 15,000-seat arena, and a rooftop swimming pool. Analysts added that the new facility would likely have gaming, which was not contemplated in the previous budget. <\/p>\n\n\n\n Although there is no clear timeline for the conclusion of the project, Marina Bay Sands completed the development of over 850 hotel rooms<\/a> in Towers 1 and 2. The newly configured rooms and suites are part of the US$1bn renovation project<\/a> announced separately in February 2022.<\/p>\n","protected":false},"excerpt":{"rendered":" Deutsche Bank estimates that the budget could increase to US$4bn.<\/p>\n","protected":false},"author":176,"featured_media":25153,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Deutsche Bank estimates Las Vegas Sands is likely to increase the budget for its Marina Bay Sands revamp project in Singapore from US$3bn to US$4bn, primarily due to inflation and rising material\/labour costs. The expanded project includes a new hotel tower, MICE facilities, and an arena, with analysts noting the potential for new gaming capacity not initially contemplated.","focusai_entities":"Las Vegas Sands, Deutsche Bank, Marina Bay Sands","focusai_location":"Singapore","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), compliance_legal (0.7), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Projected ROI?","query":"What is the revised projected return on investment (ROI) for the increased capital expenditure, considering the potential new gaming revenue streams and extended project timeline?"},{"label":"Gaming Capacity Impact?","query":"How is the potential new gaming capacity expected to impact the integrated resort's gross gaming revenue (GGR) and net gaming revenue (NGR) projections, and what market share shifts are anticipated?"}],"footnotes":""},"categories":[163,16333],"tags":[168],"class_list":["post-777012489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-marina-bay-sands"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012489","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=777012489"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012489\/revisions"}],"predecessor-version":[{"id":777012497,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012489\/revisions\/777012497"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25153"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777012489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777012489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777012489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}