Marina Bay Sands' expansion budget soars to $9 billion. The expansion includes a hotel tower, arena, & more.
The budget for Singapore's Marina Bay Sands (MBS)'s expansion project will rise to to $9 billion, a $1 billion increase from recent revisions.
The MBS IR2 project, originally budgeted at $3.3 billion, has been adjusted to account for higher land premiums, pre-opening costs, and design changes, as detailed in a new agreement with the Singapore Tourism Board (STB).
A filing by Las Vegas Sands, MBS's parent company, revealed that the updated agreement mandates MBS to pay the land premium for 2,000 square meters of new gaming space and 10,000 square meters of supporting space, along with adjustments to floor area allocations.
The agreement also extends MBS's lease with STB to August 21, 2066.
This $9 billion investment will deliver a fourth hotel tower with 570 luxury suites and expanded gaming, including a distinctive "sky gaming" area in the tower's podium.
The expansion also includes a 15,000-seat arena, 110,000 square feet of meeting and exhibition space, a SkyPark, and several upscale dining options.
MBS earlier said it planned to pay US$1 billion more to the Singapore Tourism Board (STB) to expand the budget of the project. The construction will still run as planned, from July 8, 2025 to July 9, 2029. The escalating costs, now 2.5 times the initial estimate, are attributed to evolving design and operational needs.
Despite the significant budget increase, MBS remains dedicated to delivering a world-class expansion that reinforces Singapore's position as a leading global tourism and entertainment hub.
Read related article: Las Vegas Sands to Invest $8B in Marina Bay Sands Expansion
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