{"id":777023343,"date":"2025-02-25T08:54:08","date_gmt":"2025-02-25T11:54:08","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777023343"},"modified":"2026-04-22T01:29:17","modified_gmt":"2026-04-22T04:29:17","slug":"lvs-confirms-loan-for-marina-bay-sands-expansion","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/lvs-confirms-loan-for-marina-bay-sands-expansion","title":{"rendered":"LVS confirms loan for Marina Bay Sands expansion"},"content":{"rendered":"\n

Las Vegas Sands has confirmed a facility agreement to fund the expansion of the integrated resort.<\/p>\n\n\n\n\n\n\n\n

Singapore.- Las Vegas Sands<\/strong> has announced through a company filing that Marina Bay Sands (MBS)<\/strong> has secured\u00a0a loan of SG$12bn (US$8.96bn)<\/strong>, the largest in Singapore\u2019s history. The credit facility agreement, which was executed on February 21, includes a SG$3.75bn (US$2.81bn) term loan, a SG$750m (US$560m) revolving credit facility and a SG$7.5bn (US$5.6bn) term loan facility.<\/p>\n\n\n\n

The credit would partially refinance an SG$4bn (US$3bn) facility from 2019 and the development of the second phase of the MBS integrated resort, which has seen projected costs rise from an original estimate of US$3.4bn in 2019 to US$8bn.<\/p>\n\n\n\n

Under the terms of the credit facility, the casino operator has 77 months after the first drawdown of facilities to access the full amount of the revolving credit facility. For the term loan facility, access is available until 30 days after the execution date. <\/p>\n\n\n

\n
\"Photo
A panoramic view of Marina Bay Sands.<\/figcaption><\/figure>\n<\/div>\n\n\n

On February 11, LVS announced in its annual report that the MBS expansion would be completed by June 2030 with an anticipated opening date in January 2031. That would mean a delay from the previous target completion date of July 8, 2029. <\/p>\n\n\n\n

In January, LVS had agreed to pay\u00a0US$1bn to Singaporean authorities<\/a> after entering into an agreement with the Singapore Tourism Board (STB) for changes to the project.\u00a0The company said it aimed to increase the overall gaming area allocation for the expansion project, among other amendments.<\/p>\n\n\n\n

The expansion plan was initially announced in 2019. The deadline has been pushed back several times due to construction risks. LVS has reported that the renovation of Towers I and II <\/strong>of the IR is now complete.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Tourism in Singapore: 1.63 million visitors in January<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Las Vegas Sands has confirmed a facility agreement to fund the expansion of the integrated resort.<\/p>\n","protected":false},"author":176,"featured_media":777014930,"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' Marina Bay Sands has secured a record SG$12bn credit facility to partially refinance existing debt and fund the second phase of its integrated resort expansion in Singapore. The project, now estimated at US$8bn, faces delays with completion anticipated by June 2030 and opening in January 2031, following a US$1bn agreement with the Singapore Tourism Board for project amendments including increased gaming area.","focusai_entities":"Las Vegas Sands, Marina Bay Sands, Singapore Tourism Board","focusai_location":"Singapore, Las Vegas","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.85), operator_casino (0.9), product_ux (0.7), investor_analyst (0.98), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"MBS Gaming Area Impact?","query":"What are the specific implications of the increased gaming area allocation for Marina Bay Sands' competitive positioning and projected Gross Gaming Revenue (GGR) within the Singaporean market?"},{"label":"LVS Financial Leverage?","query":"How will the extended project timeline and increased capital expenditure for Marina Bay Sands impact Las Vegas Sands' overall financial leverage, debt covenants, and future dividend policy?"}],"footnotes":""},"categories":[163,16333],"tags":[23632,23907,1642,168],"class_list":["post-777023343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-integrated-resorts","tag-land-based-casino","tag-las-vegas-sands","tag-marina-bay-sands"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023343","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=777023343"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023343\/revisions"}],"predecessor-version":[{"id":777023369,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777023343\/revisions\/777023369"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777014930"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777023343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777023343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777023343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}