Las Vegas Sands (LVS) has officially broken ground on its monumental US$8 billion expansion of Marina Bay Sands (MBS), a project that underscores the success
Las Vegas Sands (LVS) has officially broken ground on its monumental US$8 billion expansion of Marina Bay Sands (MBS), a project that underscores the success of Singapore’s integrated resort (IR) model. The ceremony was attended by top government officials and LVS executives, who lauded the long-term partnership that has defined the market.
In a speech marking the occasion, Singapore’s Prime Minister Lawrence Wong reflected on the government’s decision two decades ago to introduce IRs, characterising it as a “bold move” and a significant “risk” for both the nation and its commercial partners. He asserted that the globally recognised success of MBS was not “predetermined” but the result of disciplined effort and a shared belief in Singapore’s future.
“This outcome that we enjoy today, 20 years later, could not have been foretold. But we together made it happen, and I’m glad that this partnership has flourished,” stated Prime Minister Wong.
LVS Chairman and CEO Robert Goldstein echoed these sentiments, paying tribute to founder Sheldon Adelson’s vision. “Marina Bay Sands is the world’s most successful integrated resort in history, and the gold standard in the industry,” Goldstein said. “We have every intention of delivering a product that will be the envy of the hospitality industry and usher in a new era of luxury tourism in Singapore.”
The financial performance of Marina Bay Sands provides concrete evidence for its status as a flagship property. In 2024, the resort generated US4.22billioninrevenue.Thispowerfulperformancehascontinuedinto2025,withMBSreportingadjustedpropertyEBITDAofUS605 million for the first quarter, making it a critical driver of growth for the Las Vegas Sands global portfolio. This success provides the foundation for the new investment, which will bring LVS’s total commitment to Singapore to over US$15 billion.
The stability and clear vision of Singapore’s regulatory framework stand in sharp contrast to the legislative uncertainty seen elsewhere in the region. As Singapore builds its next chapter, efforts in Thailand to legalise casino resorts have been withdrawn from parliament due to political instability and public opposition.
Prime Minister Wong’s remarks on taking calculated risks and maintaining a long-term vision can be seen as an implicit commentary on the challenges faced by jurisdictions that lack regulatory and political consensus. For global operators like LVS, the certainty provided by Singapore is a key factor enabling multi-billion dollar, decades-long investment commitments.
The expansion project is set to further solidify Singapore’s position at the apex of global tourism and business. The development will add a new hotel tower with 570 luxury suites, a state-of-the-art 15,000-seat arena designed for world-class entertainment, and nearly 200,000 square feet of additional premium MICE space. This investment is designed not just to enhance the IR itself but to drive the next wave of high-value tourism for the entire nation.
