Las Vegas Sands has invested US$750m to revamp Marina Bay Sands\u2019 Tower III, lobby and rooftop Sands SkyPark.<\/p>\n\n\n\n\n\n\n\n
Singapore.- Las Vegas Sands (LVS) has disclosed plans to\u00a0invest an additional US$750m<\/strong>\u00a0in remodelling Marina Bay Sands (MBS) Tower III. Last week, Deutsche Bank revealed that\u00a0the company was planning to increase the budget for the renovation of the complex<\/a>\u00a0by about US$4bn.<\/p>\n\n\n\n The company expects to make the revamped rooms available to the public by Chinese New Year 2025. The revamp also covers the hotel lobby and the Sands SkyPark rooftop. Tower III is projected to have 550 rooms, including 380 suites.<\/p>\n\n\n\n The work is separate from the commitment to\u00a0invest at least SG$4.5bn (US$3.3bn) for the overall expansion of the Marina Bay Sands property, including the development of a fourth hotel tower. Upon completion of the renovation, Marina Bay Sands’ three hotel towers will have 1,850 renovated rooms, including 770 suites.<\/p>\n\n\n\n MBS generated net revenue of US$1.06bn<\/a>\u00a0in the fourth quarter of the year 2023. The figure was up 55.6 per cent in year-on-year terms and up from US$1.5bn\u00a0in the previous quarter<\/a>. Full year 2023 net revenue was up 53 per cent at US$3.85bn. According to Las Vegas Sands, MBS accounted for 36.4 per cent of the company\u2019s net revenue and 45.4 per cent of its adjusted property EBITDA.<\/p>\n","protected":false},"excerpt":{"rendered":" Las Vegas Sands has invested US$750m to revamp Marina Bay Sands\u2019 Tower III, lobby and rooftop Sands SkyPark.<\/p>\n","protected":false},"author":176,"featured_media":14118,"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 (LVS) is investing an additional US$750m to revamp Marina Bay Sands' (MBS) Tower III, lobby, and Sands SkyPark, with completion expected by Chinese New Year 2025. This renovation is distinct from the larger SG$4.5bn expansion, aiming to enhance 1,850 rooms across MBS's three towers. MBS demonstrated robust financial performance in Q4 2023, contributing significantly to LVS's net revenue and adjusted property EBITDA.","focusai_entities":"Las Vegas Sands, Marina Bay Sands, Deutsche Bank","focusai_location":"Singapore","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), product_ux (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"ROI on Renovation?","query":"What is the projected return on investment (ROI) for the US$750m renovation of Marina Bay Sands Tower III, and how does it align with LVS's broader capital allocation strategy?"},{"label":"Market Impact?","query":"How will the enhanced premium room inventory at Marina Bay Sands impact its competitive positioning within the APAC integrated resort market, particularly concerning high-net-worth patrons?"}],"footnotes":""},"categories":[157,16333],"tags":[168],"class_list":["post-777012673","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\/777012673","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=777012673"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012673\/revisions"}],"predecessor-version":[{"id":777012698,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012673\/revisions\/777012698"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14118"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777012673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777012673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777012673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}