The new tower will have hotel rooms, an entertainment arena and MICE facility to be added by April 8, 2028.<\/p>\n\n\n\n\n\n\n\n
Singapore.-\u00a0The Urban Redevelopment Authority (URA)\u00a0has approved\u00a0Marina Bay Sands’ (MBS) Tower IV as part of its integrated resort’s expansion plan initially announced in 2019.\u00a0The fourth tower is slated for completion by April 8, 2028, and will be adjacent to the three existing towers.<\/p>\n\n\n\n
Covering approximately 153,100 sqm, the tower’s room count of 587 is almost half of the original proposal of 1,000 rooms. The integrated resort currently has 2,561 rooms and suites.<\/p>\n\n\n\n
In addition to the hotel, the fourth tower will feature a 15,000-seat entertainment arena, augmenting MBS’s capacity for events and concerts, and a dedicated space for MICE tourism.<\/p>\n\n\n\n
Construction was due to commence by April 8, 2022, under an agreement with the Singapore Tourism Board (STB). However, due to delays attributed to uncontrollable construction risks,\u00a0the deadlines for completion has been out back multiple times<\/a> and is now set for April 8, 2028.<\/p>\n\n\n\n See also: <\/strong>STB, MBS and UOB work to promote Marina Bay precinct<\/a><\/p>\n\n\n\n MBS generated net revenue of US$1.06bn<\/a> in 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 in 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":" The new tower will have hotel rooms, an entertainment arena and MICE facility to be added by April 8, 2028.<\/p>\n","protected":false},"author":176,"featured_media":12672,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Marina Bay Sands (MBS) has secured Urban Redevelopment Authority (URA) approval for its Tower IV expansion in Singapore, targeting an April 8, 2028 completion. This strategic development will introduce 587 new hotel rooms, a 15,000-seat entertainment arena, and dedicated MICE facilities, significantly augmenting MBS's non-gaming revenue potential and overall operational capacity. The project, previously delayed, underscores MBS's substantial financial contribution to Las Vegas Sands' consolidated net revenue and adjusted property EBITDA.","focusai_entities":"Marina Bay Sands, Urban Redevelopment Authority, Singapore Tourism Board, Las Vegas Sands","focusai_location":"Singapore","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Capital Allocation Impact","query":"How will the revised capital expenditure for MBS Tower IV, considering the extended completion timeline, impact Las Vegas Sands' consolidated capital allocation strategy and projected shareholder returns over the next five fiscal years?"},{"label":"Non-Gaming Revenue Diversification","query":"What are the updated projections for non-gaming revenue contribution from the new entertainment arena and MICE facilities, and how will this strategically diversify MBS's NGR profile post-2028?"}],"footnotes":""},"categories":[157,158,16333],"tags":[168],"class_list":["post-777012749","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\/777012749","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=777012749"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012749\/revisions"}],"predecessor-version":[{"id":777012760,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012749\/revisions\/777012760"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/12672"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777012749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777012749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777012749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}