Marina Bay Sands Cleared To Build Fourth Tower

Marina Bay Sands (MBS) has recently received official approval from the authorities to embark on an expansion project. As part of the planned expansion, MBS will construct a fourth tower.

The Urban Redevelopment Authority (URA) of Singapore is overseeing the expansion project, which involves the construction of a hotel and retail development adjacent to MBS’s existing three towers. The new tower will be situated on an empty plot bordered by Bayfront Avenue, Sheares Avenue, and Sheares Link.

The approved plan for the fourth tower includes 587 rooms, a slight reduction from the initial proposal of 1,000 rooms. The tower will encompass 153,100 square meters of hotel space and 12,185 square meters of retail space, providing visitors with an even greater range of amenities and offerings.

Marina Bay Sands aims to complete the construction of the fourth tower by 2028, with an estimated cost of $3.3 billion. The expansion plan was unveiled in early April 2022, initially featuring a new tower with 1,000 hotel rooms and an adjoining concert venue capable of accommodating 15,000 guests. The revised plan reflects a strategic adjustment to meet the evolving needs and expectations of visitors.

Since its opening in April 2010, Marina Bay Sands has established itself as a premier destination for visitors from around the world. The integrated resort boasts a total gross floor area of 581,400 square meters, offering approximately 1,850 rooms and suites, as well as around 74,000 square meters of retail and dining space.

Marina Bay Sands, which is owned by Las Vegas Sands, has consistently delivered exceptional financial performance. In the recent 4Q23 results announced by Las Vegas Sands, Marina Bay Sands achieved a record-breaking $544 million in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). This figure represents 119 percent of the levels recorded in the pre-pandemic period of 4Q19.

The net revenues of Marina Bay Sands also experienced a significant increase, surpassing $1.06 billion in the last quarter. This is a remarkable growth compared to the $853 million recorded in 4Q19. The mass gaming revenue alone rose by one-third in comparison to the pre-pandemic quarter, reaching an impressive $583 million.

In addition to the expansion plans, Marina Bay Sands is actively investing in the revamping of its existing infrastructure. Tower 3 is currently undergoing a comprehensive renovation, involving an additional investment of $750 million. This investment complements the $1 billion already allocated for the renovation of Tower 1 and Tower 2.

The revamp work encompasses various aspects, including the renovation of the hotel lobby, the Sands SkyPark rooftop, and the hotel rooms. The management team is committed to completing the renovation project by Chinese New Year in 2025, ensuring that guests can enjoy a truly enhanced and rejuvenated experience.

The expansion and revamping initiatives undertaken by Marina Bay Sands exemplify the resort’s commitment to embracing change and innovation. By continuously enhancing its offerings and facilities, Marina Bay Sands strives to remain at the forefront of the integrated resort industry, setting new standards and providing unforgettable experiences for its guests.