Marina Bay Sands, Singapore’s casino resort, has surpassed 500 million visitors since opening in 2010. The integrated resort, developed by Las Vegas Sands Corp, continues to be a key driver of tourism and economic activity in Singapore.
Record-breaking performance in 2024
In its 2024 performance review, Marina Bay Sands reported:
- Over 38 million visitors throughout the year
- More than 1.2 million delegates attending meetings, incentives, conferences, and exhibitions (MICE) events
- Nearly 400,000 guests entertained at the Sands Theatre
The resort also recorded an earnings before interest, taxes, depreciation, and amortisation (EBITDA) exceeding US$2 billion. The company highlighted its role as a key economic contributor, spending SGD2.19 billion (US$1.64 billion) locally and maintaining one of the largest private-sector workforces in Singapore with over 11,800 employees.
Massive expansion underway
Las Vegas Sands is investing US$8 billion into the second phase of Marina Bay Sands’ development, reinforcing its commitment to Singapore’s tourism and entertainment sector. In January 2025, the company finalised a revised agreement with Singaporean authorities to complete the project by July 2029.
The expansion will include:
- A new hotel tower to complement the existing three towers
- Additional luxury suites and high-end amenities
- Enhanced entertainment and leisure facilities
- New convention and exhibition spaces to attract more global events
Marina Bay Sands secures record $12 billion loan for casino expansion
Marina Bay Sands has secured a massive $12 billion (US$9 billion) multi-tranche loan, to refinance existing debt and support the expansion of its casino resort in Singapore, In February 2025.
The loan facility was coordinated by DBS Group Holdings Ltd, Malayan Banking Bhd, Oversea-Chinese Banking Corp, and United Overseas Bank Ltd. In total, 22 other lenders participated when the deal was syndicated to the broader market. This landmark financing deal surpasses the previous record, a $9.3 billion loan secured in 2012 for Thai billionaire Charoen Sirivadhanabhakdi’s acquisition of Fraser & Neave Ltd.
Employment and local business growth
To support its ongoing growth, Marina Bay Sands recently held a job fair offering 1,200 new positions. The company remains a strong supporter of local businesses, with 91.5 percent of its procurement spent within Singapore in 2024.
As Marina Bay Sands approaches its 15th anniversary in April 2025, its continued expansion and record-breaking performance reinforce its status as a global hospitality and entertainment leader. With strong financial results and ambitious development plans, the resort is set to remain a major attraction in the years to come.
