Las Vegas Sands Bets $8 B on Singapore Resort Expansion
Las Vegas Sands Announces $8B Expansion in Singapore
Groundbreaking Ceremony
Las Vegas Sands kicked off its ambitious project on Tuesday, breaking ground on an $8 billion development that will extend the iconic Marina Bay Sands resort.
Project Highlights
- 55‑storey hotel tower featuring 570 luxury suites
- 15,000‑seat arena designed for sporting events and concerts
- Casino continuing the resort’s two‑casino heritage
- Exhibition and conference space for business and cultural gatherings
Timeline & Approval
The new complex, dubbed IR2 for now, is slated to open in 2031 pending government approval. It will sit adjacent to the original Marina Bay Sands resort, which debuted 15 years ago.
Statements from Leadership
Singapore Prime Minister Lawrence Wong led the groundbreaking ceremony, noting that the expansion will “refresh our skyline.”
Miriam Adelson, co‑founder of Las Vegas Sands and wife of late billionaire Sheldon Adelson, thanked Singapore’s leaders for their trust, remarking, “You took a chance on us… we took a chance on you.”
Singapore’s Tourist Attractions
Singapore has invested heavily in attractions designed to lure visitors, including:
- Universal Studios theme park, the only one in Southeast Asia
- Garden with massive artificial trees
- Glass‑encased flower dome
- World‑class zoo and wildlife parks
- Formula One night race on city streets
- Last year, Taylor Swift’s Eras tour stopped once in Southeast Asia
International Visitor Numbers
More than 16 million international visitors arrived in Singapore last year, marking a 21 percent increase from 2023.
Financial Commitment
Patrick Dumont, president and chief operating officer of Las Vegas Sands, stated that the company will have invested more than $15 billion in Singapore since it began operations there in 2010. Dumont emphasized the firm’s confidence in the region and the potential it continues to see in Singapore.
