SINGAPORE: The expansion of Marina Bay Sands (MBS), which will see the integrated resort add a fourth tower, is now expected to cost US$8 billion (S$10.6 million), its parent company Las Vegas Sands said on Wednesday (Oct 23). The completion of the project has also been pushed back from July 2029 to June 2030, with the opening of the new premises – dubbed IR2 – slated for January 2031.
The developments were announced by Las Vegas Sands in its earnings presentation for the third quarter of 2024. The US$8 billion will consist of US$2 billion in land premiums; US$4.7 billion in design and construction costs, as well as other costs; and US$1.
3 billion in pre-opening and finance costs. Designed by Moshe Safdie, the architect behind the existing MBS, IR2 will include a luxury 570-room all-suite hotel; a multi-storey "rooftop experience"; a 15,000-seat entertainment arena; more MICE (meetings, incentives, conferences and exhibitions) space; and more retail, F&B and nightlife offerings. It will also feature premium gaming areas and additional lifestyle and wellness amenities.
In its presentation, Las Vegas Sands said that IR2 would "further enhance MBS' status as an iconic architectural landmark", "attract the highest-calibre global entertainment events and artists to Singapore", "extend the success of Singapore as a MICE destination" and "ensure MBS is positioned to grow its economic, employment and tourism destination contributions to Singapore in the decades ahead". MBS' expan.
