Las Vegas Sands To Spend $8 Billion to Expand MBS Resort in Singapore

October 25, 2024

SINGAPORE (Reuters) - Casino operator Las Vegas Sands plans to invest $8 billion in Singapore to expand its Marina Bay Sands resort, a major bet by the Nevada-based firm on the city-state's tourism market. The project, dubbed IR2, is to build a fourth hotel tower that will include 570 luxury suites, gaming areas, a 15,000-seat arena, rooftop pools, food and beverage offerings and 110,000 square feet of space for exhibitions and conferences, the company said during its earnings presentation earlier this week. "When IR2 is open ... that arena is going to be an incredibly powerful tourism driver for the overall complex," LVS Chief Operatin...