Las Vegas Sands resort in Singapore aims to 'redefine' luxury
July 15 (UPI) -- An $8 billion ultra-luxury Las Vegas Sands property in Singapore has its owners saying the soon-to-be constructed resort will "redefine industry standards" and expand the regional footprint of the small island nation.
On Tuesday, officials broke ground on the future luxury entertainment destination with both Singapore government and Las Vegas Sands representatives present to witness.
"This is going to be the most luxurious and high-serviced hotel in the world," company President and COO Patrick Dumont told The Straits Times on Monday ahead of the ceremony.
It's slated for completion by 2030 and officials hope to open by 2031.
More than 200 guests attended Tuesday's groundbreaking, including Singapore's Prime Minister Lawrence Wong and company co-founder Miriam Adelson. Native artist Jasmine Sokko and Canadian singer-songwriter Henry Lau entertained guests.
The vast 55-story complex will hold 570 luxury hotel suites, a casino, shopping, spa and wellness stops, 20,000 feet of meeting and convention space and a 15,000-seat entertainment arena. The state-of-the-art arena is designed by Populous, the same global firm that curated the Sphere in Las Vegas and London's O2 Arena in Britain.
Dumont added that Singapore was an "incredibly desirable" location to Las Vegas Sands, which is the parent company of Marina Bay Sands.
According to the company, the new resort will "push boundaries."
"We have every intention of delivering a product that will be the envy of the hospitality industry and ushers in a new era of luxury tourism in Singapore," Robert Goldstein, chairman and CEO of Las Vegas Sands, said Tuesday.
The design is being lead by Moshe Safdie of Safdie Architects, the same firm behind the design of the Marina Bay Sands properties.
Trump meets with Singaporean Prime Minister Lee Hsien Loong
President Donald Trump (R) and Singapore Prime Minister Lee Hsien Loong shake hands during joint statements in the Rose Garden on Monday. Photo by Pat Benic/UPI | License Photo
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By GlobeNewswire Published on July 18, 2025, 01:47 IST NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES Vancouver, B.C., July 17, 2025 (GLOBE NEWSWIRE) — Dynamite Blockchain Corp. (the 'Company' or 'Dynamite') (CSE: KAS) is pleased to announce a non-brokered private placement (the 'Offering') of 50,000,000 units of the Company (each, a 'Unit') at a price of $0.05 per Unit, for aggregate gross proceeds of $2,500,000. Each Unit will consist of one (1) common share in the capital of the Company (a 'Common Share') and one (1) transferable share purchase warrant (a 'Warrant'), each warrant to entitle the holder to purchase one (1) additional Common Share at an exercise price of C$0.10 per Common Share for a period of 24 months following the closing of the Offering, subject to acceleration in the event the Common Shares close above $0.25 for a period of five (5) consecutive trading days. The Offering will be completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 Prospectus Exemptions and therefore the Common Shares underlying the Units issued in the Offering to Canadian subscribers will not be subject to a hold period in accordance with applicable Canadian securities laws. The Warrants underlying the Units issued in the Offering and any Shares issued upon exercise thereof will be subject to contractual restrictions on resale, expiring four-months and one day from the date of issue of the Warrants. There is an offering document related to the Offering (the 'Offering Document') that can be accessed under the Company's profile at and at Prospective investors should read the Offering Document before making an investment decision. The Offering is expected to close on about July 31, 2025, and completion of the Offering is subject to certain conditions including, but not limited to, receiving adequate subscriptions for the Offering and the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange. Use of Funds The Company intends to use the net proceeds from the Offering to solidify the Company's position as a utility-based digital asset proxy public company, by using proceeds to settle payables, purchase utility coins in the market and develop the Company's technologies to bolster its Blockchain Ecosystem, all as further set out in the Offering Document. ' Through this Offering, we plan to significantly clean up our balance sheet, and strategically position ourselves to be on the path to become the 'Utility-Based Digital Asset Proxy' by providing shareholders exposure to select utility focused digital assets ,' commented Akshay Sood, CEO of Dynamite. Dynamite's Blockchain Ecosystem Summary Division Description Current / Planned Assets & Products Utility-Token Holdings Acquire fixed-supply, high-utility tokens that satisfy our framework requirements $KAS, $MOT, and subsequent rounds / new select digital asset candidates Utility-Generating Products In-house or acquired software/hardware that amplifies digital asset utility and adoption IMME non-custodial wallet; Renewable off-grid Kaspa miner Utility-Generating Services SaaS, fee-based, or tiered services that monetize user activity Kaspa card, transaction-fee APIs, staking services Why Utility-Based Digital Assets and Why Now? Scarcity + Utility: Unlike Bitcoin-proxy companies, Dynamite is one of the only public companies to focus on a utility-based digital asset strategy. Regulatory Alignment: Utility tokens—when properly structured—do not constitute securities, reducing compliance friction while regulators accelerate bespoke frameworks. Public-Market Liquidity: CSE listing (ticker KAS) allows retail and institutional investors to access diversified utility-token exposure through a single equity. Selection Discipline: Unique digital asset selection framework screen for all digital assets that enter the Company's utility token holdings. The securities to be issued pursuant to the Offering have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. On behalf of the Company, Akshay Sood,Chief Executive Officer Telephone: 236-259-0279 About Dynamite Blockchain Corp. Dynamite Blockchain is a blockchain technology infrastructure company focused on building a diversified blockchain ecosystem focused on Kaspa. The company operates Kaspa mining assets, develops Kaspa-enabled products and services such as the IMME Wallet, and selectively acquires high-utility digital assets that enhance shareholder value through diversification. Forward-Looking Statements The information in this news release includes certain information and statements about management's view of future events, expectations, plans, and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. Forward-looking statements in this news release include, without limitation, statements respecting: the Offering, the timing thereof and the expected use of proceeds therefrom; the Company's focus on utility-based digital assets; the Company's plan to significantly clean up its balance sheet and strategically position itself to be on the path to become the 'Utility-Based Digital Asset Proxy' by providing shareholders exposure to select utility focused digital assets; and the current and planned assets and products that are part of the Company's Blockchain Ecosystem. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. 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