Las Vegas Sands (LVS) is planning another development in Singapore focusing on live entertainment and is possibly expanding its casino space, a Bloomberg report stated.
The new project will have fewer rooms than the existing Marina Bay Sands (MBS) resort but will feature a casino, restaurants, and a 15,000-seat arena for major concerts.
More details will be provided later in 2024, said LVS chief executive Rob Goldstein at an investors conference on 29 May, according to the report.
In April 2024, it was reported that MBS’ expansion, which includes the construction of a fourth tower, is expected to start in July 2025 and be completed by 2029.
Mr Goldstein emphasised Singapore’s importance as an expanding market, saying the country is experiencing a “growth spurt”.
“All of a sudden Singapore’s become a hugely important market,” he said during the press conference.
Based on current trends, Singapore could have US$7 billion (~S$9.47 billion) in gambling revenue in 2024, he added.
Mr Goldstein also projects this amount to increase to US$10 billion (~S$13.5 billion) in the near future.
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