Las Vegas Sands (NYSE:LVS) will direct part of the $6.25 billion it secured from selling The Venetian and Sands Expo and Convention Center into expanding Marina Bay Sands (MBS) in Singapore.
COO and President Patrick Dumont confirmed at the JPMorgan Gaming, Lodging, Restaurant and Leisure Management Access Forum that a portion of the Las Vegas divestment proceeds will support MBS upgrades and expansion.
The Venetian sale to Apollo Global Management and VICI Properties marks LVS’s exit from the US casino market, but the company continues to pursue opportunities in Singapore, Macau, and potentially New York and Texas.
Why Singapore?
Macau remains Sands’ largest market, but Singapore ranks a strong second. In normal conditions, MBS generates more EBITDA than the company’s former Las Vegas assets, thanks in part to its protected duopoly with Resorts World Sentosa.
To secure extended exclusivity, LVS has pledged $3.3 billion in new investment, which includes plans for a fourth hotel tower, an all-suite luxury offering, and a 15,000-seat arena. Dumont also emphasized reinvestments into MBS’s existing towers to keep the property globally competitive.
Opened in 2010 at a cost of nearly $6 billion, MBS remains the world’s most profitable integrated resort—an architectural and financial triumph designed by Moshe Safdie.
Macau Still a Priority
Analysts expect a significant portion of LVS’s cash reserves will also flow into Macau, where license renewals loom. CEO Rob Goldstein noted that the government could mandate fresh capital commitments as part of the process—an investment LVS is ready to make.
He added that future Macau growth could come through upgrading existing properties or potentially developing a new resort. While LVS has stepped away from Japan, Goldstein hinted that other Asian opportunities may emerge.
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