Las Vegas Sands doubles fresh MBS investment to $10.6b

Aim is to build best hotel in the world that will enhance Singapore's tourism appeal

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Las Vegas Sands (LVS), the parent company of Marina Bay Sands (MBS), now estimates it will spend US$8 billion (S$10.6 billion) on the integrated resort's (IR) expansion project, more than doubling its original planned investment amount.

Dubbed Marina Bay Sands IR2, the fourth tower will include 570 hotel rooms, premium gaming areas, a sky roof, a 15,000-seat entertainment arena, and additional premium Mice (meetings, incentives, conferences and exhibitions) space, as well as new food and beverage (F&B) and nightlife offerings.

Investment in the project, which was initially announced in April 2019 at the cost of US$3.3 billion, has since more than doubled to US$8 billion, LVS said in its third-quarter earnings presentation on Oct 23.