Latest news with #MiriamAdelson
CNBC
6 days ago
- Business
- CNBC
Construction begins on Las Vegas Sands' $8 billion 'ultra luxurious' resort in Singapore
Construction has started on an $8 billion "ultra luxurious" integrated resort in Singapore that will expand the city-state's Marina Bay Sands integrated resort and Las Vegas Sands' presence in Asia. Singapore's Prime Minister Lawrence Wong and Las Vegas Sands co-founder Miriam Adelson attended a ground-breaking ceremony Tuesday, where it was revealed that the development will include a 55-story all-suite resort, luxury retail shops, gaming facilities and 200,000 square feet of meeting space. The project, which has been called Marina Bay Sand's "fourth tower," is not an extension of Marina Bay Sands, Robert Goldstein, CEO of Las Vegas Sands, said at the ceremony. "If you came here expecting to hear about an extension of MBS, you've come to the wrong party," he said. "This is a brand-new building with a brand-new identity." The new resort will include 570 suites and a 76,000 square-foot rooftop space called the Skyloop that will have an observation deck, restaurants and gardens that are open to the public. The rooftop area will also have multiple infinity-edge pools, as well as private cabanas, for hotel guests. A 15,000-seat arena designed by Populous, the design team behind the Sphere in Las Vegas, is set to open at the base of the resort. The new development was designed by Safdie Architects, the architecture firm behind Marina Bay Sands and Jewel Changi Airport. Company founder Moshe Safdie was also present at the ground-breaking ceremony, alongside Singapore's Minister for Sustainability and the Environment Grace Fu and Las Vegas Sands' President and Chief Operating Officer Patrick Dumont. The new development aligns with Singapore's "Tourism 2040" strategy, released in April, which aims to triple tourism revenue from so-called "Mice" travelers, or those who attend meetings, incentives, conferences and exhibitions. Singapore's long-term tourism goals also rely heavily on attracting leisure travelers with world-class attractions and live music and sports entertainment. Several high-profile launches since the start of the year have boosted the island's tourism industry, including its first all-villa resort Raffles Sentosa Singapore and a zoological park called Rainforest Wild Asia. An upgraded aquarium attraction called Oceanarium, is set to open next week.
Forbes
16-07-2025
- Business
- Forbes
Las Vegas Sands Doubles Down On Singapore Bet With $8 Billion Hotel Complex
An artist impression of the new 55-story hotel tower on the right of the existing Marina Bay Sands ... More casino resort in Singapore. Las Vegas Sands is doubling down on its bet in Singapore with an $8 billion investment to expand its footprint in one of Asia biggest financial centers to tap into travel boom. On Tuesday, the American gaming giant started construction of a new 55-story hotel tower next to its existing Marina Bay Sands resort, casino and convention center at the heart of the city-state's financial district. The ground breaking ceremony was officiated by Singapore Prime Minister Lawrence Wong and Las Vegas Sands cofounder Miriam Adelson, wife of the late casino billionaire Sheldon Adelson. 'Marina Bay Sands is the world's most successful integrated resort in history and the gold standard in the industry,' Robert Goldstein, chairman and CEO of Las Vegas Sands, said in a statement. 'It has been truly incredible to witness Mr. Adelson's vision come to life, and we are proud to carry his legacy forward with today's groundbreaking ceremony for our new development here. 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.' Designed by Safdie Architects, the firm behind Marina Bay Sands' iconic design, the new hotel complex will have 570 suites, a 15,00-seat indoor arena for concerts and other live entertainment events, Las Vegas Sands said. The hotel tower, which is expected to open in 2031, will also feature a 76,000-square-foot Skyloop, an multi-level observation deck about 245 meters above ground, providing panoramic views of the city and the harbor. The Skyloop will have a wellness terrace designed for yoga, arts and specialty events. Since opening in 2010, Marina Bay Sands—which was developed at a cost of $5.6 billion—has been a key growth driver for Las Vegas Sands. The property's EBITDA increased 10% to $2.1 billion in 2024, accounting for about 48% of the group's total.
Malay Mail
16-07-2025
- Business
- Malay Mail
Las Vegas Sands makes US$8b Singapore bet with resort expansion
SINGAPORE, July 16 — Casino operator Las Vegas Sands broke ground yesterday on a new US$8 billion (RM34 billion) project to expand its iconic Marina Bay Sands resort in Singapore, in a major bet on the city-state's tourism market. The new complex is expected to open in 2031, pending government approval, and will include a 55-storey hotel tower with 570 luxury suites, a 15,000-seat arena, a casino, and space for exhibitions and conferences, the company said. Called IR2 for now, the new Sands project will be located adjacent to its existing resort, which opened 15 years ago in Singapore's Marina Bay financial district. 'When completed, the expansion will refresh our skyline,' said Singapore Prime Minister Lawrence Wong, who led the groundbreaking ceremony. Marina Bay Sands consists of three 57-storey hotel towers supporting an elongated boat-like structure perched on top — a favourite backdrop for tourists which also houses one of Singapore's two casinos. Las Vegas Sands co-founder Miriam Adelson, the wife of late billionaire Sheldon, thanked Singapore and the country's leaders for trusting the company. 'You took a chance on us... we took a chance on you,' she said. Singapore has banked on man-made attractions to help lure tourists, including Southeast Asia's only Universal Studios theme park, a garden with massive artificial trees, a cavernous glass-encased flower dome, a world-class zoo and wildlife parks. It also hosts a Formula One night race on the city's streets, and last year the country was Taylor Swift's only South-east Asian stop for her Eras tour. More than 16 million international visitors came to Singapore last year, up 21 percent from 2023. Patrick Dumont, president and chief operating officer of Las Vegas Sands, said that when the new project is completed, the US firm would have invested 'more than US$15 billion' in Singapore since it started operations there in 2010. 'This speaks volumes of our confidence in this region, and the potential that we continue to see in Singapore,' he said. — AFP
Korea Herald
15-07-2025
- Business
- Korea Herald
LAS VEGAS SANDS BREAKS GROUND ON NEW ULTRA-LUXURY DEVELOPMENT IN SINGAPORE
Officiated by Singapore's Prime Minister and Minister for Finance Lawrence Wong, together with Las Vegas Sands co-founder Dr Miriam Adelson, the groundbreaking ceremony marks a milestone moment for the upcoming US$8 billion tourism gamechanger. SINGAPORE, July 15, 2025 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) marked a momentous milestone on Tuesday evening with the groundbreaking of its new US$8 billion ultra-luxurious resort and entertainment destination in Singapore, expanding its regional footprint and strengthening its commitment to the Republic's future. Experience the full interactive Multichannel News Release here: The occasion was officiated by Singapore's Prime Minister and Minister for Finance Lawrence Wong; Minister for Sustainability and the Environment and Minister-in-charge of Trade Relations Grace Fu; and Las Vegas Sands co-founder Dr Miriam Adelson, Chairman and Chief Executive Officer Robert Goldstein, and President and Chief Operating Officer Patrick Dumont. Robert Goldstein, Chairman and Chief Executive Officer of Las Vegas Sands, said: "With its opening in 2010, our founder Sheldon G. Adelson embarked on a journey in Singapore with Marina Bay Sands and the people of Singapore that promised to change the face of tourism in the region. Fifteen years later, we have delivered on these ambitions and more. Marina Bay Sands is the world's most successful integrated resort in history, and the gold standard in the industry. It has been truly incredible to witness Mr Adelson's vision come to life, and we are proud to carry his legacy forward with today's groundbreaking ceremony for our new development here. 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." When completed, the new development is set to redefine industry standards further and push boundaries in the realms of luxury tourism, hospitality and entertainment, curating the finest and most exclusive suite of experiences for travellers. The pioneering project will feature a soaring 570-suite luxury hotel tower capped with signature rooftop and dining experiences, luxury retail boutiques, gaming, holistic spa and wellness amenities, and approximately 200,000 square feet of premium meeting space. A purpose-built 15,000-seat arena situated against the stunning backdrop of Marina Bay aims to enhance the live entertainment scene in Asia. Proving to be another extraordinary feat of engineering, the new property is being designed by the acclaimed Safdie Architects, led by Moshe Safdie—the visionary firm behind Marina Bay Sands' world-renowned design. A World Beyond Rotated at a 45-degree angle to frame panoramic views of both the Marina Bay and the Singapore Strait, the 55-storey hotel tower rises with its twin wings curving outward as they ascend toward the sky. Taking inspiration from the island's lush urban greenery, the development will see biophilic designs being integrated throughout the building along with a significant proportion of green amenities. The crowning achievement of the hotel tower is the revolutionary 76,000-square-foot Skyloop — a breathtaking haven that intuitively combines both elevated public and private spaces. As a counterpart to the iconic Sands SkyPark at Marina Bay Sands, the Skyloop's form is defined by overlapping elliptical volumes that spiral in opposing directions, giving the tower an overall dynamic quality, and affording 360-degree views. The lower Skyloop interweaves several points of public access, including an observatory, destination restaurants and lush rooftop gardens. Above, hotel guests can enjoy secluded experiences: private cabanas, infinity-edge pools and shading palms. There will also be a cantilevered wellness terrace that is designed for yoga, arts and specialty events. Situated adjacent to the hotel tower, the podium serves as a bustling hotspot for business, entertainment and cultural exchange. At its core is a 15,000-seat state-of-the-art arena being helmed by global design firm Populous—responsible for some of the world's most recognisable entertainment venues, including the Sphere in Las Vegas and the O2 Arena in London. Specially designed to host the highest calibre of regional and international touring acts, concerts and large-scale live events, the venue will be optimised for unparalleled acoustics, sightlines and production flexibility. The venue will also be integrated with new and existing developments within the Marina Bay precinct for greater efficiency and pedestrian connectivity, providing direct access to Bayfront MRT station and linkways between Marina Bay and Gardens by the Bay. More than 220 guests attended the groundbreaking event tonight, which featured captivating performances by homegrown artist Jasmine Sokko and Canadian singer-songwriter and multi-instrumentalist Henry Lau. The lavish affair was accompanied by a curated culinary experience from Marina Bay Sands' signature restaurants, including a taste preview of upcoming Cantonese restaurant Jin Ting Wan. To commemorate the occasion, Marina Bay Sands was illuminated in a wash of golden hues—a stunning public spectacle that spanned the entire property from its three towers and the SkyPark Observation Deck to the Marina Bay Sands Expo & Convention Centre. In celebration of the milestone year of SG60, Marina Bay Sands also commissioned a cinematic tribute to the nation. Titled " Nothing Comes by Chance", the film by local director Kirsten Tan reflects on Singapore's commitment to shaping a bright future, underscored by resilience, ambition and constant reinvention that parallels Marina Bay Sands' growth and spirit. It features prominent Singaporean talents who have helped define its global presence across arts, culture, sports and entertainment, such as Tan Kheng Hua, Quah Zheng Wen, Pierre Png and Jasmine Sokko—offering a heartfelt ode to the nation. Shaping a Greener Horizon In line with Marina Bay Sands' global strategy Sands ECO360, sustainability will remain at the heart of the new building's architecture and operations. Different approaches towards designing shade for guest comfort and reduced energy consumption are being explored. This includes a self-shading façade system that utilises high-performance glazing and internal blinds to lower direct solar heat transfer and improve energy efficiency. Each suite will have its own private terrace and garden, while outdoor dining venues will be fitted with canopies to shield guests from the elements. Tree species native to the Southeast Asian region will also be planted where possible, paying tribute to the development's prime location. As construction works proceed, best practices will be adopted including the use of materials with reduced environmental impact such as low-carbon concrete and recycled steel to lower the project's upfront environmental footprint. A construction waste management plan has also been set in place, where on-site segregation and recycling will be implemented and at least 75 per cent of construction waste will be diverted to significantly reduce landfill disposal. Towards New Heights Since its inception, Marina Bay Sands has become an iconic symbol of Singapore, transforming the nation's tourism landscape as a leading leisure, business and entertainment destination in Asia. It hosted a record-breaking 2,200 events last year, drawing 1.2 million MICE delegates. In March this year, the property welcomed its 500 millionth visitor. With more than 12,000 Team Members directly employed by the integrated resort and 92 per cent of procurement spent on local businesses in 2024, it has also contributed to Singapore's economy through the creation of new jobs and support for homegrown small- and medium-sized enterprises (SMEs). These figures are set to rise in the coming years as Marina Bay Sands expands its operations in Singapore. "Over the years, Marina Bay Sands has been integral in strengthening Singapore's position as a major tourism powerhouse. By the time our new ultra-luxury development is complete, Las Vegas Sands will have invested more than US$15 billion since we started operations in Singapore in 2010. This speaks volumes of our confidence in this region, and the potential that we continue to see in Singapore," said Patrick Dumont, President and Chief Operating Officer of Las Vegas Sands. "We are privileged to have benefited over the past 15 years from factors that make Singapore great - excellent infrastructure, and a strong and supportive government with a forward-looking vision." Mr Dumont added: "We are proud of the transformative impact that Marina Bay Sands has had and are highly optimistic about building on this strong foundation. Our new development will raise the bar and redefine the ultra-luxury hospitality realm on a global scale, fuelling further growth of high-value tourism while our state-of-art arena will attract the world's most popular performers and usher in a new era of live entertainment in the region. We look forward to forging a new chapter together and continuing to contribute meaningfully to Singapore's future success." About Sands (NYSE: LVS) Sands is the leading global developer and operator of integrated resorts. The company's iconic properties drive valuable leisure and business tourism and deliver significant economic benefits, sustained job creation, financial opportunities for local businesses and community investment to help make its host regions ideal places to live, work and visit. Sands' portfolio of properties includes Marina Bay Sands® in Singapore and The Venetian® Macao, The Londoner Macao®, The Parisian Macao®, The Plaza Macao and Four Seasons Hotel Macao, and Sands® Macao in Macao SAR, China, through majority ownership in Sands China Ltd. Dedicated to being a leader in corporate responsibility, Sands is anchored by the core tenets of serving people, communities and the planet. The company's ESG leadership has led to inclusion on the Dow Jones Sustainability Indices for World and North America. To learn more, visit About Marina Bay Sands Pte Ltd Since its opening in 2010, Marina Bay Sands has stood as an architectural marvel and the crown jewel in Singapore's skyline. Home to the world's most spectacular rooftop infinity pool and approximately 1,850 rooms and suites, the integrated resort offers exceptional dining, shopping, meeting and entertainment choices, complete with a year-round calendar of signature events. Marina Bay Sands is dedicated to being a good corporate citizen to serve its people, communities and environment. It drives social impact through its community engagement programme, Sands Cares, and leads environmental stewardship through its global sustainability programme, Sands ECO360.
Yahoo
15-07-2025
- Business
- Yahoo
LAS VEGAS SANDS BREAKS GROUND ON NEW ULTRA-LUXURY DEVELOPMENT IN SINGAPORE
Officiated by Singapore's Prime Minister and Minister for Finance Lawrence Wong, together with Las Vegas Sands co-founder Dr Miriam Adelson, the groundbreaking ceremony marks a milestone moment for the upcoming US$8 billion tourism gamechanger. SINGAPORE, July 15, 2025 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) marked a momentous milestone on Tuesday evening with the groundbreaking of its new US$8 billion ultra-luxurious resort and entertainment destination in Singapore, expanding its regional footprint and strengthening its commitment to the Republic's future. Experience the full interactive Multichannel News Release here: The occasion was officiated by Singapore's Prime Minister and Minister for Finance Lawrence Wong; Minister for Sustainability and the Environment and Minister-in-charge of Trade Relations Grace Fu; and Las Vegas Sands co-founder Dr Miriam Adelson, Chairman and Chief Executive Officer Robert Goldstein, and President and Chief Operating Officer Patrick Dumont. Robert Goldstein, Chairman and Chief Executive Officer of Las Vegas Sands, said: "With its opening in 2010, our founder Sheldon G. Adelson embarked on a journey in Singapore with Marina Bay Sands and the people of Singapore that promised to change the face of tourism in the region. Fifteen years later, we have delivered on these ambitions and more. Marina Bay Sands is the world's most successful integrated resort in history, and the gold standard in the industry. It has been truly incredible to witness Mr Adelson's vision come to life, and we are proud to carry his legacy forward with today's groundbreaking ceremony for our new development here. 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." When completed, the new development is set to redefine industry standards further and push boundaries in the realms of luxury tourism, hospitality and entertainment, curating the finest and most exclusive suite of experiences for travellers. The pioneering project will feature a soaring 570-suite luxury hotel tower capped with signature rooftop and dining experiences, luxury retail boutiques, gaming, holistic spa and wellness amenities, and approximately 200,000 square feet of premium meeting space. A purpose-built 15,000-seat arena situated against the stunning backdrop of Marina Bay aims to enhance the live entertainment scene in Asia. Proving to be another extraordinary feat of engineering, the new property is being designed by the acclaimed Safdie Architects, led by Moshe Safdie—the visionary firm behind Marina Bay Sands' world-renowned design. A World Beyond Rotated at a 45-degree angle to frame panoramic views of both the Marina Bay and the Singapore Strait, the 55-storey hotel tower rises with its twin wings curving outward as they ascend toward the sky. Taking inspiration from the island's lush urban greenery, the development will see biophilic designs being integrated throughout the building along with a significant proportion of green amenities. The crowning achievement of the hotel tower is the revolutionary 76,000-square-foot Skyloop — a breathtaking haven that intuitively combines both elevated public and private spaces. As a counterpart to the iconic Sands SkyPark at Marina Bay Sands, the Skyloop's form is defined by overlapping elliptical volumes that spiral in opposing directions, giving the tower an overall dynamic quality, and affording 360-degree views. The lower Skyloop interweaves several points of public access, including an observatory, destination restaurants and lush rooftop gardens. Above, hotel guests can enjoy secluded experiences: private cabanas, infinity-edge pools and shading palms. There will also be a cantilevered wellness terrace that is designed for yoga, arts and specialty events. Situated adjacent to the hotel tower, the podium serves as a bustling hotspot for business, entertainment and cultural exchange. At its core is a 15,000-seat state-of-the-art arena being helmed by global design firm Populous—responsible for some of the world's most recognisable entertainment venues, including the Sphere in Las Vegas and the O2 Arena in London. Specially designed to host the highest calibre of regional and international touring acts, concerts and large-scale live events, the venue will be optimised for unparalleled acoustics, sightlines and production flexibility. The venue will also be integrated with new and existing developments within the Marina Bay precinct for greater efficiency and pedestrian connectivity, providing direct access to Bayfront MRT station and linkways between Marina Bay and Gardens by the Bay. More than 220 guests attended the groundbreaking event tonight, which featured captivating performances by homegrown artist Jasmine Sokko and Canadian singer-songwriter and multi-instrumentalist Henry Lau. The lavish affair was accompanied by a curated culinary experience from Marina Bay Sands' signature restaurants, including a taste preview of upcoming Cantonese restaurant Jin Ting Wan. To commemorate the occasion, Marina Bay Sands was illuminated in a wash of golden hues—a stunning public spectacle that spanned the entire property from its three towers and the SkyPark Observation Deck to the Marina Bay Sands Expo & Convention Centre. In celebration of the milestone year of SG60, Marina Bay Sands also commissioned a cinematic tribute to the nation. Titled "Nothing Comes by Chance", the film by local director Kirsten Tan reflects on Singapore's commitment to shaping a bright future, underscored by resilience, ambition and constant reinvention that parallels Marina Bay Sands' growth and spirit. It features prominent Singaporean talents who have helped define its global presence across arts, culture, sports and entertainment, such as Tan Kheng Hua, Quah Zheng Wen, Pierre Png and Jasmine Sokko—offering a heartfelt ode to the nation. Shaping a Greener Horizon In line with Marina Bay Sands' global strategy Sands ECO360, sustainability will remain at the heart of the new building's architecture and operations. Different approaches towards designing shade for guest comfort and reduced energy consumption are being explored. This includes a self-shading façade system that utilises high-performance glazing and internal blinds to lower direct solar heat transfer and improve energy efficiency. Each suite will have its own private terrace and garden, while outdoor dining venues will be fitted with canopies to shield guests from the elements. Tree species native to the Southeast Asian region will also be planted where possible, paying tribute to the development's prime location. As construction works proceed, best practices will be adopted including the use of materials with reduced environmental impact such as low-carbon concrete and recycled steel to lower the project's upfront environmental footprint. A construction waste management plan has also been set in place, where on-site segregation and recycling will be implemented and at least 75 per cent of construction waste will be diverted to significantly reduce landfill disposal. Towards New Heights Since its inception, Marina Bay Sands has become an iconic symbol of Singapore, transforming the nation's tourism landscape as a leading leisure, business and entertainment destination in Asia. It hosted a record-breaking 2,200 events last year, drawing 1.2 million MICE delegates. In March this year, the property welcomed its 500 millionth visitor. With more than 12,000 Team Members directly employed by the integrated resort and 92 per cent of procurement spent on local businesses in 2024, it has also contributed to Singapore's economy through the creation of new jobs and support for homegrown small- and medium-sized enterprises (SMEs). These figures are set to rise in the coming years as Marina Bay Sands expands its operations in Singapore. "Over the years, Marina Bay Sands has been integral in strengthening Singapore's position as a major tourism powerhouse. By the time our new ultra-luxury development is complete, Las Vegas Sands will have invested more than US$15 billion since we started operations in Singapore in 2010. This speaks volumes of our confidence in this region, and the potential that we continue to see in Singapore," said Patrick Dumont, President and Chief Operating Officer of Las Vegas Sands. "We are privileged to have benefited over the past 15 years from factors that make Singapore great - excellent infrastructure, and a strong and supportive government with a forward-looking vision." Mr Dumont added: "We are proud of the transformative impact that Marina Bay Sands has had and are highly optimistic about building on this strong foundation. Our new development will raise the bar and redefine the ultra-luxury hospitality realm on a global scale, fuelling further growth of high-value tourism while our state-of-art arena will attract the world's most popular performers and usher in a new era of live entertainment in the region. We look forward to forging a new chapter together and continuing to contribute meaningfully to Singapore's future success." About Sands (NYSE: LVS) Sands is the leading global developer and operator of integrated resorts. The company's iconic properties drive valuable leisure and business tourism and deliver significant economic benefits, sustained job creation, financial opportunities for local businesses and community investment to help make its host regions ideal places to live, work and visit. Sands' portfolio of properties includes Marina Bay Sands® in Singapore and The Venetian® Macao, The Londoner Macao®, The Parisian Macao®, The Plaza Macao and Four Seasons Hotel Macao, and Sands® Macao in Macao SAR, China, through majority ownership in Sands China Ltd. Dedicated to being a leader in corporate responsibility, Sands is anchored by the core tenets of serving people, communities and the planet. The company's ESG leadership has led to inclusion on the Dow Jones Sustainability Indices for World and North America. To learn more, visit About Marina Bay Sands Pte Ltd Since its opening in 2010, Marina Bay Sands has stood as an architectural marvel and the crown jewel in Singapore's skyline. Home to the world's most spectacular rooftop infinity pool and approximately 1,850 rooms and suites, the integrated resort offers exceptional dining, shopping, meeting and entertainment choices, complete with a year-round calendar of signature events. Marina Bay Sands is dedicated to being a good corporate citizen to serve its people, communities and environment. It drives social impact through its community engagement programme, Sands Cares, and leads environmental stewardship through its global sustainability programme, Sands ECO360. For more information, please visit For factsheet and hi-res images (credit as indicated in the captions), please click [here] View original content to download multimedia: SOURCE Marina Bay Sands Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
