Singapore’s Marina Bay Sands Hits the Jackpot with $925M Revenue in Q2

Singapore’s Marina Bay Sands (MBS), a lavish resort with a casino, hotel, mall, and more, raked in $925 million in revenue in the second quarter of 2023. That’s a 36.2% increase from the same period last year, when it earned $679 million.

The resort also reported adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $432 million for the quarter. According to its parent company, Las Vegas Sands (LVS), that’s higher than its pre-COVID-19 levels.

“In Singapore, Marina Bay Sands again delivered outstanding levels of performance in all segments, with mass gaming revenue reaching another record result,” said Robert Goldstein, Chairman and CEO of LVS.

MBS has been busy upgrading its facilities to attract more tourists. In the spring, it completed the renovation of over 850 hotel rooms as part of a $1 billion makeover plan. The next phase of renovation will focus on premium suites.

In April 2024, MBS is also planning to start work on a $4.5 billion expansion plan. Among other features, the resort will have a 1000-room hotel tower and an arena for sports and entertainment events, capable of holding 15,000 people.