Marina Bay Sands in Singapore has officially launched an expansion project worth up to 8 billion US dollars, aiming to upgrade this most profitable casino resort in the world into a world-class luxury gambling and entertainment complex.
On July 15, the parent company Las Vegas Sands held a groundbreaking ceremony at the expansion site, attended by Singapore Prime Minister Heng Swee Keat, Dr. Miriam Adelson, co-founder of Sands Group, and President Patrick Dumont, highlighting the strategic importance of the project.
The core of the expansion plan includes a new hotel tower with 570 high-end suites, equipped with a rooftop restaurant, luxury shopping area, SPA, conference center, and an expanded casino area. The most eye-catching feature is a multi-functional performance venue that can accommodate 15,000 people, set to become a new landmark of entertainment in Asia.
Robert Goldstein, chairman of Sands Group, stated that this upgrade will continue the vision of the late founder Sheldon Adelson, aiming to create "a new pinnacle of global luxury experiences".
The new facilities are expected to be completed by 2031, and Patrick Dumont claims it will become "one of the top hotels in the world," catering to the Southeast Asian market's desire for personalized, high-end experiences.
Before the expansion, Sands had completed a renovation project costing 1.75 billion US dollars, upgrading all existing hotel rooms and increasing the number of suites from 180 to 775, bringing the total number of rooms to 1,850.
According to The Straits Times, Sands Group is currently seeking a 9 billion US dollar loan, potentially setting a new record for the largest loan in Singapore's tourism history. Industry insiders believe that this move will strengthen Singapore's position as a gambling hub in Asia, driving tax revenue, employment, and the continuous growth of high-net-worth tourists.
