Robert Goldstein, president and CEO of Sands, say: “The biggest change [to our original plans] is that this will be a full-fledged casino rather than just a hotel. We couldn’t be more excited to invest in the long-term growth of leisure tourism and high-value businesses in Singapore.”
“This will have a laser focus on the premium mass segment, a market that is growing to around $6.5 billion GGR, probably by 2024, we believe, will easily reach $11 billion by the end of the quarter. This project reflects a lot of capital being directed to a very, very strong customer segment and a unique asset. We expect IR1 to reach $2.5 billion, and we believe this new building could bring in more than $1 billion on top of that.”
“The original concept was an expansion of Marina Bay Sands, including the Arena. Our new program creates a large-scale integrated resort development with a full suite of amenities, including gaming capabilities.” Press release say.
