{"id":777020886,"date":"2024-11-21T08:49:37","date_gmt":"2024-11-21T11:49:37","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777020886"},"modified":"2026-04-22T04:00:13","modified_gmt":"2026-04-22T07:00:13","slug":"marina-bay-sands-forecasts-40-ebitda-growth-after-ir-expansion","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/marina-bay-sands-forecasts-40-ebitda-growth-after-ir-expansion","title":{"rendered":"Marina Bay Sands forecasts 40% EBITDA growth after IR expansion"},"content":{"rendered":"\n

Marina Bay Sands expects to post an annual adjusted property EBITDA of US$3.5bn.<\/p>\n\n\n\n\n\n\n\n

Singapore.- Las Vegas Sands (LVS) has predicted that Marina Bay Sands’ (MBS) annual earnings before interest, taxation, depreciation and amortisation (EBITDA) will rise 40 per cent to US$3.5bn after the opening of the second phase of the integrated resort (IR), <\/strong>dubbed MBS IR2. The expansion is to cost US$8bn and is expected to conclude by mid-2029.<\/p>\n\n\n\n

MBS IR2 will include the development of the\u00a0Marina Bay Sands Tower IV<\/a>, with 570 rooms and additional casino space. The fourth tower will also feature a 15,000-seat entertainment arena<\/strong>, dedicated space for MICE tourism and new food and beverage options and nightlife attractions. The project\u00a0received approval from Singapore\u2019s authorities earlier this year<\/a>.<\/p>\n\n\n\n

The company is carrying out a separate, unrelated US$1.75bn suite renovation programme<\/a> for the existing accommodation at MBS. The renovation is set to be completed by mid-2025. Technological upgrades, such as the installation of smart gaming tables equipped with radio frequency identification (RFID), artificial intelligence and video analytics with Angel Group are expected to be fully operational by the end of 2025.<\/p>\n\n\n\n

Marina Bay Sands reportedly seeking US$9m loan<\/h2>\n\n\n\n

Yesterday (November 20), Bloomberg reported that MBS is looking to secure a loan of approximately SG$12bn (US$9m)<\/strong>, which would represent the largest financing deal in Singapore\u2019s history. The credit would partially refinance an SG$4bn (US$3bn) facility from 2019 along with the development of the second phase of the integrated resort<\/strong>, which has seen projected costs rise from an original estimate of US$3.4bn in 2019 to US$8bn.<\/p>\n\n\n\n

The news outlet said that DBS Bank, OCBC Bank, Malayan Banking, and UOB are involved in coordinating the deal. The arrangement, spanning seven years, is expected to be offered to additional lenders, although final terms remain under discussion.<\/p>\n\n\n\n

Las Vegas Sands<\/strong>\u00a0reported that MBS\u00a0<\/strong>net revenue was\u00a0down 9.5 per cent year-on-year, to US$919m. The figure was also down 9.89 per cent from\u00a0the second quarter of the year<\/a>. Casino revenue was down 16.33 per cent year-on-year\u00a0from US$698m to US$600m and rolling chip volume by 19.5 per cent to US$6.55bn. Non-rolling chip drop was up 9.8 per cent at US$2.12bn. The slot handle was down 8 per cent at US$5.85bn.<\/p>\n","protected":false},"excerpt":{"rendered":"

Marina Bay Sands expects to post an annual adjusted property EBITDA of US$3.5bn.<\/p>\n","protected":false},"author":176,"featured_media":18007,"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 projects a 40% increase in Marina Bay Sands' annual adjusted property EBITDA to US$3.5bn following the US$8bn MBS IR2 expansion, expected by mid-2029, which includes new casino space and MICE facilities. Concurrently, MBS is reportedly seeking a SG$12bn (US$9m) loan, the largest in Singapore's history, to refinance existing debt and fund the expansion, while also undertaking a US$1.75bn renovation and integrating advanced gaming technologies by 2025. These developments occur amidst a recent decline in MBS's net revenue and casino performance.","focusai_entities":"Las Vegas Sands, Marina Bay Sands, Angel Group, DBS Bank, OCBC Bank, Malayan Banking, UOB, Bloomberg","focusai_location":"Singapore, Marina Bay","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), product_ux (0.7), tech_data (0.9), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Capital Structure Impact","query":"How will the SG$12bn financing, particularly given the reported US$9m figure discrepancy, impact Las Vegas Sands' overall capital structure and debt covenants, especially considering the increased project cost from US$3.4bn to US$8bn?"},{"label":"ROI on Tech Investment","query":"What is the projected return on investment for the US$8bn MBS IR2 expansion and the US$1.75bn renovation, specifically considering the integration of smart gaming tables with RFID, AI, and video analytics by Angel Group, and how will these technologies enhance GGR and NGR?"}],"footnotes":""},"categories":[163,16333],"tags":[23632,168],"class_list":["post-777020886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-integrated-resorts","tag-marina-bay-sands"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020886","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=777020886"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020886\/revisions"}],"predecessor-version":[{"id":777020904,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020886\/revisions\/777020904"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18007"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777020886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777020886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777020886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}