{"id":777014832,"date":"2024-04-18T08:26:31","date_gmt":"2024-04-18T11:26:31","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777014832"},"modified":"2026-04-22T11:03:08","modified_gmt":"2026-04-22T14:03:08","slug":"marina-bay-sands-revenue-up-9-1-in-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/marina-bay-sands-revenue-up-9-1-in-q1","title":{"rendered":"Marina Bay Sands revenue up 9.1% in Q1"},"content":{"rendered":"\n<p>Net revenue reached US$1.16bn in the first quarter.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Singapore.-\u00a0<strong>Las Vegas Sands<\/strong>\u00a0has reported that\u00a0<strong>Marina Bay Sands (MBS)\u00a0<\/strong>generated net revenue of US$1.16bn in the first quarter of the year. The figure was\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/marina-bay-sands-revenue-up-55-6-in-q4\" target=\"_blank\" rel=\"noreferrer noopener\">up 9.1 per cent sequentially<\/a>\u00a0and up 36.6 per cent when compared to last year.<\/p>\n\n\n\n<p>Casino revenue was up 44.86 per cent year-on-year from US$593m to US$859m. Adjusted property earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 9.7 per cent in quarter-on-quarter terms and 51.5 per cent when compared to last year to US$597m. Rolling chip volume was US$8.24bn, up 13.8 per cent on the preceding quarter.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Marina Bay Sands Tower IV development to begin in 2025<\/h2>\n\n\n\n<p>Earlier this month,\u00a0<strong>Marina Bay Sands\u00a0<\/strong>announced that the development of its Tower IV is 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<p>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&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/marina-bay-sands-gets-approval-to-develop-tower-iv\" rel=\"noreferrer noopener\">received approval from Singapore\u2019s authorities earlier this year<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Net revenue reached US$1.16bn in the first quarter.<\/p>\n","protected":false},"author":176,"featured_media":17419,"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), a subsidiary of Las Vegas Sands, reported robust Q1 financial performance with net revenue reaching US$1.16bn, driven by significant casino revenue and adjusted property EBITDA growth. Concurrently, MBS announced the commencement of its Tower IV development by July 2025, a strategic expansion featuring reduced room count but enhanced MICE and entertainment facilities, approved by Singaporean authorities.","focusai_entities":"Las Vegas Sands, Marina Bay Sands","focusai_location":"Singapore","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Tower IV ROI Projections?","query":"What is the projected return on investment (ROI) for the Marina Bay Sands Tower IV development, considering the reduced room count but expanded MICE and entertainment facilities?"},{"label":"MBS Competitive Impact?","query":"How will the increased MICE and entertainment capacity impact Marina Bay Sands' market share and competitive positioning against regional integrated resorts in the APAC region?"}],"footnotes":""},"categories":[163,16333],"tags":[168],"class_list":["post-777014832","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\/777014832","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=777014832"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014832\/revisions"}],"predecessor-version":[{"id":777014852,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014832\/revisions\/777014852"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17419"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}