Marina Bay Sands Reports Increased Revenue

Marina Bay Sands’ parent company Las Vegas Sands announced that the Singaporean mixed-use complex achieved a net revenue of US$1.14 billion in the fourth quarter of 2024. This figure marks a 24.05% increase compared to Q3-2024, reflecting a 7.2% year-on-year growth.

Financial Highlights:

• Adjusted EBITDA: US$537 million, down 1.3% from the previous year but up 32.27% quarter-on-quarter.
• Gaming Revenue: US$792 million, a 6.44% increase year-on-year.
• Non-Gaming Revenue: US$345 million, an increase of 7.81%.
• Total Hotel Occupancy: 93.4%, largely due to holiday-centric bookings.

Robert G. Goldstein commented, “MBS has maintained outstanding financial and operational performance. Our enhanced suite offerings position us for future growth as travel and tourism spending in Asia increases.”

Future Expansion Plans

Following the report, Las Vegas Sands indicated plans to make a payment of US$1 billion to the Singapore government to amend expansion plans, including increases in gaming area allocations. These adjustments necessitate further investments in approved gaming spaces.