Las Vegas Sands Corp LVS subsidiary Marina Bay Sands has proposed design and program improvements for its expansion project.
Marina Bay Sands, developed at a cost of US$5.6 billion, has provided significant benefits to Singapore’s tourism sector, with more than 470 million people having visited the resort since its opening.
The company expects full-scale construction on the project to begin by July 2025, with completion expected by July 2029.
The extension was designed by Safdie Architects who were the architects of the existing property.
The project will include a luxury hotel tower with a panoramic roof, a 15,000-seat entertainment arena and additional premium MICE (meetings, incentives, conferences and exhibitions) spaces, as well as new food and drink and nightlife offerings.
The expansion project is separate from a $1.75 billion reinvestment in the existing property, the largest since Marina Bay Sands opened in 2010.
Price action: LVS shares were trading 0.57% higher at $52.89 in the premarket at last check on Friday.
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