Singapore’s Ministry of Trade and Industry highlighted that these resorts had contributed “1% to 2%” to the annual gross domestic product. Credit: Sean Pavone / Shutterstock.

Two iconic Singapore casino resorts are set to embark on their second phase of development, with a combined investment exceeding S$10bn ($7.4m), reported Nikkei Asia.

The expansion of these resorts, Marina Bay Sands and Resorts World Sentosa, marks a significant phase in the city-state’s tourism and economic development.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The Ministry of Trade and Industry highlighted that these resorts had contributed “1% to 2%” to the annual gross domestic product, with tourist arrivals doubling to 19.1 million from 2010 to 2019.

Genting Singapore, which operates Resorts World Sentosa, is preparing to tender out construction contracts by September this year for two new hotels, adding 700 rooms to Sentosa.

The company expects to commence building by the end of the year.

See Also:

Marina Bay Sands, known for its distinctive rooftop, will see the addition of a fourth hotel tower.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Its parent company, Las Vegas Sands, has scheduled construction to start in July 2025, with a 15,000-seat arena among the planned facilities.

The completion target is set for July 2029.

The casino areas within both resorts, key revenue drivers, are also set to expand. Marina Bay Sands has been allocated an additional 2,000m² of floor space while Genting will expand by 500m².

These expansions were approved by the Singapore government in 2019 but faced delays due to the Covid-19 pandemic.

Originally estimated at S$4.5bn each in 2019, the investment costs have surged, largely attributed to inflation and other economic factors.

Genting’s investment has risen by approximately 50% to S$6.8bn.

“The total project cost will materially exceed previous estimates,” stated a Las Vegas Sands filing, pointing to “inflation, higher material and labour costs and other factors”.

However, the two operators are proceeding with their plans as Singapore becomes more important in their business portfolios.