Las Vegas Sands to Invest US$8 Billion in Marina Bay Sands Expansion

Las Vegas Sands (LVS), the parent company of Marina Bay Sands (MBS), has announced plans to invest US$8 billion in expanding the iconic integrated resort with a project dubbed “Marina Bay Sands IR2.” This ambitious expansion will feature a fourth hotel tower complete with a sky roof, a massive 15,000-seat entertainment arena, additional MICE (meetings, incentives, conferences, and exhibitions) space, and new food, beverage, and nightlife offerings.

The expansion is part of LVS’s broader strategy to capitalize on Singapore’s growing high-value leisure and business tourism market. With its ultra-luxurious new offerings, MBS IR2 will reinforce Singapore’s status as a premier global tourism and business destination. Originally announced in 2019 with a price tag of US$3.3 billion, the project’s investment has more than doubled, reflecting the scale and vision of the new development.

LVS plans to fund up to 35% of the project through its own resources, with the remaining 65% financed through external means. The new hotel tower is set to be a game-changer, aiming to offer the world’s finest gaming, hospitality, and F&B experiences. Construction is expected to begin in mid-2025, with completion slated for 2030, and an official opening in early 2031, pending government approval.

This expansion runs parallel to a US$1.75 billion reinvestment in the existing MBS property, which has already seen the refurbishment of Towers 1 and 2, alongside new dining options and luxury lifestyle amenities.

For those looking to be part of the city’s vibrant future, CDL’s Newport Residences offers an exciting opportunity. Located in Tanjong Pagar, just a short distance from Marina Bay Sands and its upcoming expansion, Newport Residences blends luxury living with easy access to Singapore’s business and entertainment districts, making it an ideal home for urban professionals and those drawn to the cosmopolitan lifestyle of Marina Bay.

The Business Times

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