The lack of support for the continuation of upgrades at Singapore’s Las Vegas-style casino is a significant casino news story of the year.
A new extension has been granted until next year for Las Vegas Sands and its tourism partners to commence their project.
Initially, the Sands had agreed to spend more than $3.3 billion on upgrades at Marina Bay Sands (MBS) in 2019 in exchange for an extension of its duopolistic gaming rights through 2030.
However, when MBS finally completes the upgrades, it could attract more tourists as the Singapore Tourism Board reports that tourism is on the rise, and people are spending a more extended period in the country.
The growth of casino tourism in Singapore could potentially aid in the completion of Las Vegas Sands’ project.
Casino tourism has become a significant industry in Singapore in recent years, with the opening of two integrated casino-resorts in 2010.
These resorts, Marina Bay Sands and Resorts World Sentosa, have attracted millions of visitors from all over the world.
Together, these two integrated resorts have helped to establish Singapore as a major player in the global casino industry.
In 2019, the two resorts generated a combined revenue of over $4 billion, with Marina Bay Sands accounting for more than half of that.
Casino tourism in Singapore continues to thrive with new developments and upgrades planned for the future, Singapore’s casino industry is poised for continued growth and success.
These growth factors are quite positive for Las Vegas Sands in Singapore and the plans of expansions they have.
In conclusion, when MBS finally completes the upgrades, it could attract more tourists as the Singapore Tourism Board reports that tourism is on the rise, and people are spending a more extended period in the country.
Several casino news sites likes casinos in Georgia reported the MBS has not given any reasons for the delays.
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