Las Vegas Sands Corp. (LVS) announced an agreement with the Singapore Tourism Board (STB) to expand Marina Bay Sands (MBS), its flagship property on the island state. Construction should begin by July 8, 2025, with an estimated completion in 2029.
The agreement builds on a development plan outlined for MBS in 2019 and follows Sands’ ongoing investments in the Asia-Pacific region. A formal document submitted to the U.S. Securities and Exchange Commission (SEC) states the agreement involves a land premium of $1 billion.
The document also outlines Sands Corp’s aim to improve the venue’s gaming, hospitality, and entertainment offerings. New and expanded areas include facilities for gaming, retail, and hospitality, as well as spaces set aside for improving guests' experiences at Marina Bay Sands.
Updates on MBS’ expansion and the project’s milestones are expected as the construction progresses, especially as the project is expected to further promote Singapore as a destination for integrated resorts and global tourism.
Sands Corp Achieving Sustainability
In addition to the agreement, Las Vegas Sands Corp. also committed to following local regulations, particularly sustainability goals and community standards. In 2024, Sands reported a 50% reduction in carbon emissions compared to its base year. The company was placed on the Dow Jones Sustainability Indices for a fifth consecutive year, recognizing its environmental, social, and governance initiatives. Sands’ goal is to reduce carbon emissions by 17.5% by 2025.
Bringing the NBA to the Far East
To further strengthen relationships, the National Basketball Association (NBA) and Sands China announced in December a multiyear collaboration to bring the NBA China Games to Macao.
The collaboration begins this year, with the Brooklyn Nets and Phoenix Suns playing two preseason games at The Venetian Arena on Friday, October 10, and Sunday, October 12. The collaboration includes interactive fan activities, community outreach initiatives, and lifestyle events intended to extend the NBA experience to fans in Macao.
Strengthening Relationships with Macao
Another one of Las Vegas Sands’ recent investments in the Asia-Pacific region includes projects in Macao as Sands China, Las Vegas Sands' Asian subsidiary, collaborates with Macao's government to revitalize iconic landmarks.
In 2024, Sands China implemented multiple projects under the theme “Reshape. Rejuvenate. Reimagine.” The projects targeted culturally and commercially important areas in Macao, such as the former Iec Long Firecracker Factory, the Taipa Houses, Rua das Estalagens, and Macao Cultural Center Plaza.
One of Sands China’s core components is the Entrepreneurship Recruitment Program, collaborating with Macao's Chamber of Commerce. Launched this past April, the program aims to fund residents’ innovative entrepreneurial ventures.
The second initiative is revitalizing Macao’s tourism industry by highlighting historical and cultural sites. Efforts have focused on the former Iec Long Firecracker Factory, which operated between 1925 and 1984 in Taipa Village. Considered one of the best-preserved heritage sites in Macao, the Firecracker Factory was renovated and is now open to the public.
