Casino firm Las Vegas Sands announced its intention to invest more money into its Singapore property. In fact, the casino will put $3.3 billion to construct a new hotel tower, convention space, and an entertainment stadium.
The casino firm told sports betting software experts that it has an agreement with the Singapore government regarding the additional investment. Also, it wants to start the building process as soon as possible. The new project will be adjacent to the existing Marina Bay Sands Singapore property.
The company said the new development shows the strong business and tourism capacity of the city-state. In fact, the company is one of the two firms licensed to operate in Singapore. It opened Marina Bay Sands in 2010.
Singapore Property Expansion
Since its launch in 2010, Marina Bay Sands is now of the top tourist destinations in Singapore. Las Vegas Sands told bookie pay per head solution providers that the proposed stadium can seat up to 15,000 people. In addition, it can be the premier venue for concerts and other events.
The company told gambling news reporters that the new hotel tower will have around 1,000 suites. In addition, the hotel will have a swimming pool, restaurant, terraces, atrium, and a sky roof. At present, the casino resort has 2,500 suites. The extra rooms can help supply the demand from business and leisure tourists and casino players.
Marina Bay Sands has 1.3 million square feet of meeting area and convention facilities. With the new expansion, it will have more convention space. As a result, the Singapore property will attract more visitors.
Marina Bay is not the only property Las Vegas Sands has in Asia. In Macau, it operates five casinos in Macau. In Las Vegas, it owns the Venetian and Palazzo resorts, and the Sands Expo Center on the Strip.