Las Vegas Sands Corp LVS subsidiary Marina Bay Sands has put forward design and program enhancements to its expansion project.
Marina Bay Sands, developed at a cost of $5.6 billion, has provided significant benefits to Singapore's tourism sector, with over 470 million people visiting the resort since its opening.
The company expects the full-scale construction of the project to begin by July 2025, with targeted completion by July 2029.
The expansion is designed by Safdie Architects who were the architects of the already existing property.
The project will include a luxury hotel tower with a sky roof, a 15,000-seat entertainment arena and additional premium MICE (meetings, incentives, conferences & exhibitions) space, as well as new food and beverage and nightlife offerings.
The expansion project is separate from a $1.75 billion reinvestment in the existing property, the largest since Marina Bay Sands' inaugural in 2010.
Price Action: LVS shares are trading higher by 0.57% at $52.89 in premarket on the last check Friday.
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