$6.6b dollar investment announced for Singapore’s two integrated resorts
The two IRs will keep their non-gaming offerings fresh while limiting the potential downsides of the gaming components, the government says.
As a result, Marina Bay Sands will add a new entertainment arena and hotel tower, while Resorts World Sentosa will extend Universal Studios Singapore to include two new attractions.
Singapore’s two integrated have announced plans for a S$9 billion ($6.6 billion) expansion.
This will, of course, result in some major upgrades for the two properties. The first will see Marina Bay Sands (MBS) adding a new entertainment arena and a hotel tower. Meanwhile, Resorts World Sentosa (RWS) will extend Universal Studios Singapore, which will now include two new attractions—Minion Park and Super Nintendo World. In other words, both properties will be even more glamorous with additional features and assets for guests.
This new investment by the integrated resorts is almost two-thirds their initial investment in 2006, which was about S$15 billion.
“Since the expiry of the exclusivity period for the two casino licences in 2017, we have been in intense negotiations with the two IRs to keep their non-gaming offerings fresh while limiting the potential downsides of the gaming components,” said Singapore’s Trade and Industry Minister Chan Chun Sing. “In exchange for the exclusivity period to be extended to end-2030, Marina Bay Sands and Resorts World Sentosa will invest around S$9 billion to expand and refresh their non-gaming components.”
During the exclusivity period, no other new casinos will be introduced.
Marina Bay Sands Expansion
MBS will ultimately build a 15,000-seat indoor entertainment arena as part of expanding its non-gaming facilities.
The addition, leadership has said, will be vital when it comes to attracting new and repeat visitors to the country.
“With leading design and cutting edge technology, the venue will attract top entertainers from Asia and around the world,” said Las Vegas Sands, which owns MBS, in a media release on Wednesday. “Its state-of-the-art production capability will appeal to performers who might not have previously included Southeast Asia on their tours.”
MBS will also be adding a fourth tower, which will give it about 1,000 new all-suite hotel rooms, a sky roof with a pool, and a signature restaurant. In addition, there will also be new ballrooms, exhibitions halls, and other food and beverage choices. A timeline for all this to be completed, however, is not available yet.
Resorts World Sentosa Expansion
As for RWS, there will be two new attractions at Universal Studios Singapore – Minion Park and Super Nintendo World.
Also in the pipeline for the property is another attraction called Singapore Oceanarium – a rebranding of the S.E.A. aquarium after it is expanded by more than three times. RWS will also add a new waterfront lifestyle complex and two new destination hotels with up to 1,100 rooms.
The entire waterfront promenade will be completely renewed to feature a nightly show and a multi-purpose event zone, said RWS, adding that there will be a new Adventure Dining Playhouse to replace Resorts World Theatre.
To better connect the mainland to Sentosa, there will be a driverless transport system across the Sentosa Boardwalk. RWS has said this expansion will happen in phases, with new experiences opening every starting in 2020 and concluding in 2025.
Let’s take a look at a few other projects currently underway in Singapore:
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