The construction of the new tower is expected to be complete by July 2029.<\/p>\n\n\n\n\n\n\n\n
Singapore.-\u00a0Marina Bay Sands\u00a0<\/strong>has announced that the development of its Tower IV is slated to begin by July 2025 for completion by July 2029. Covering approximately 153,100 square metres, the tower\u2019s room count has been reduced from 1,000 to 587. The integrated resort currently has 2,561 rooms and suites.<\/p>\n\n\n\n The fourth tower will also feature a 15,000-seat entertainment arena, augmenting MBS\u2019s capacity for events and concerts, dedicated space for MICE tourism, and new food and beverage options and nightlife attractions. The project\u00a0received approval from Singapore’s authorities earlier this year<\/a>.<\/p>\n\n\n\n Patrick Dumont<\/strong>, president and chief operating officer of Las Vegas Sands, said the project would attract high-value tourism and position Marina Bay Sands as a premier destination for leisure and business travel. The work is part of Las Vegas Sands’ commitment to invest at least SG$4.5bn (US$3.3bn) for the overall expansion of Marina Bay Sands.\u00a0<\/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 construction of the new tower is expected to be complete by July 2029.<\/p>\n","protected":false},"author":176,"featured_media":18489,"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) is commencing construction of its Tower IV in July 2025, targeting completion by July 2029. This expansion, part of Las Vegas Sands' SG$4.5bn investment, will add 587 rooms, a 15,000-seat arena, and MICE facilities, aiming to enhance high-value tourism. MBS reported robust Q4 2023 net revenue of US$1.06bn, contributing significantly to Las Vegas Sands' overall financial performance.","focusai_entities":"Marina Bay Sands, Las Vegas Sands, Patrick Dumont","focusai_location":"Singapore","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"MBS Tower IV ROI?","query":"What is the projected ROI and payback period for the SG$4.5bn investment in MBS Tower IV, considering the revised room count and expanded MICE\/entertainment capacity?"},{"label":"MBS Competitive Positioning?","query":"How will the increased room inventory and enhanced entertainment offerings at MBS impact its competitive positioning against other integrated resorts in the APAC region, particularly concerning high-value tourism segments?"}],"footnotes":""},"categories":[28,158,16333],"tags":[168],"class_list":["post-777014495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-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\/777014495","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=777014495"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014495\/revisions"}],"predecessor-version":[{"id":777014526,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014495\/revisions\/777014526"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18489"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}