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MBS Q1 Revenue Edges Up to $1.58b Amid Strong Operating Environment
The Straits Times
|April 25, 2025
Net revenue for Marina Bay Sands (MBS) edged up to about US$1.2 billion (S$1.58 billion) for the first quarter as it improved service offerings and introduced new suite products.
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The casino resort operator said on April 23 it has ""substantially completed"" its US$1.8 billion redevelopment programme, its largest reinvestment since opening its doors in April 2010.
The integrated resort now features 1,844 rooms, including 775 suites—over four times the 180 that it had before works started in 2022.
Revenue from rooms for the first quarter grew by 2.4 per cent year on year to US$129 million, and hotel occupancy increased by 0.6 percentage point to 95.6 per cent in the latest quarter.
The average daily room rate shot up to US$925 this quarter from US$713 in the year-ago period, resulting in revenue per available room of US$884 compared with US$677 a year earlier.
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FLERE HISTORIER FRA The Straits Times
The Straits Times
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