Singapore, March 29, 2023 – Singapore’s iconic Marina Bay Sands Resort is set to undergo a massive expansion with the introduction of innovative gaming technologies and sustainable development practices, it was announced today by the resort’s operator, Las Vegas Sands Corp. This multi-billion-dollar expansion aims not only to enhance the gaming experience but also to boost Singapore’s tourism sector significantly.
The expansion, estimated to cost around $3.3 billion, includes the construction of a fourth tower adjacent to the existing complex, as well as significant enhancements to its casino floors. The new facilities are planned to integrate cutting-edge technology such as AI-driven gaming systems and virtual reality gaming zones, which are expected to offer more personalized and immersive gaming experiences for guests.
“Today marks a milestone not only for Marina Bay Sands but also for Singapore as a leading global tourism destination,” said Robert Goldstein, Chairman and CEO of Las Vegas Sands Corp. “With these expansions, we are redefining what a world-class gaming and leisure destination can be.”
The decision to expand Marina Bay Sands comes as Singapore’s government has relaxed some regulations around casino operations and increased its efforts to attract international tourists. The city-state is well-known for its strict gambling policies, which include substantial entry fees for Singaporean citizens and permanent residents to deter compulsive gambling.
This expansion is expected to create over 5,000 new jobs and will include a state-of-the-art arena, which aims to attract large-scale entertainment acts and sporting events. Additionally, the development plans include luxury retail spaces, new dining concepts, and a focus on high-tech, sustainable building practices to minimize the environmental impact.
Tourism experts are heralding the move as a significant boost for Singapore’s economy, which took a hit during the global COVID-19 pandemic. “The expansion of Marina Bay Sands is a forward-looking move, signaling confidence in the recovery of international travel and the tourism sector,” commented Rebecca Lim, a tourism and hospitality analyst based in Singapore.
Moreover, the resort’s expansion is strategically timed as Asian countries, including Japan and Thailand, are discussing or implementing plans to introduce or expand their gaming industries. This enhances Singapore’s competitive edge in the tourism and leisure market.
Local environmental groups have cautiously welcomed the news, highlighting the commitment to sustainable development but emphasizing the need for ongoing vigilance regarding the environmental footprint of such large-scale projects.
The expansion is slated to begin in the second quarter of 2023 with an expected completion date in 2025. Goldstein emphasized that while the construction is underway, the resort will operate as usual without disrupting the guest experience.
As part of their long-term vision, Marina Bay Sands is also exploring further technological enhancements such as implementing blockchain technology for secure, transparent gaming transactions and developing advanced responsible gambling measures.
This development is poised to reshape not just the skyline of Singapore, but also its position on the map of premier global gaming and entertainment destinations. With a blend of luxury, technology, and sustainability, the new Marina Bay Sands could set a new standard for future developments around the world in the hospitality and gaming industries.
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