Marina Bay Sands has indicated it reached its 500 millionth visitor this month, since opening its doors in 2010.
Without providing the metrics used to determine that figure, the Las Vegas Sands property indicated in a social media post that the ‘achievement highlights the integrated resort’s status as a global icon, consistently attracting guests from around the world’.
‘The landmark occasion comes as Marina Bay Sands continues its efforts to transform the property and redefine guest experiences, ensuring that visitors enjoy a unique and memorable stay’, the property added.
In conjunction with this milestone, the resort has released its latest Annual Review, showcasing exceptional performance over the past year, highlighting that the IR recorded an EBITDA surpassing $2 billion for the first time in its history.
Last year the resort also reported net revenue of $4.23 billion, including casino revenue of $2.96 billion and non-gaming revenue of $1.27 billion from rooms, food and beverage, retail, and other services. The resort also registered an average hotel daily rate of $826 and a hotel occupancy rate of 94.8 percent.
In 2024, Marina Bay Sands also crossed a pivotal milestone in its $1.75 billion reinvestment program.
Paul Town, Chief Operating Officer of Marina Bay Sands, stated, that “the reinvestment program has been a profound journey of transformation, focusing on areas that we knew were critical to our guests and underdeveloped in the past.”
The report noted that the resort has increased the number of high-value suites to 775, up from 180 previously, and elevated the service experience to match this new development. “The repositioning allows us to actively engage with the premium customer segment on a much broader scale,” Town added.
As the reinvestment program continues into 2025 and beyond, the operator says that guests can look forward to even more changes. Among the most anticipated is the transformation of Sands SkyPark, described in the report as “one of Marina Bay Sands’ and Singapore’s most iconic spaces.”
This project will enhance SkyPark’s offerings by adding premium hospitality features.
Later, the integrated resort plans to unveil a wellness spa to cater to the rising demand as part of the luxury travel lifestyle.
In 2024, Marina Bay Sands also spent SG$2.19 billion ($1.6 billion) and boasted one of the largest private sector workforces with over 11,800 team members.
The resort continued to empower Singapore-based companies, with “91.5 percent of procurement spent locally.” Additionally, Marina Bay Sands delivered corporate and social impact by hosting business, leisure, cultural, and entertainment events, recording over 38 million visitors throughout the year.
The ongoing transformation of Marina Bay Sands aligns with Singapore’s long-term ambitions. The report emphasized that the property’s performance has validated the reinvestment strategy launched by its parent company, Las Vegas Sands, three years ago, despite considerable challenges.
Las Vegas Sands has recently announced a significant delay in the much-anticipated expansion of Marina Bay Sands, with the completion now projected for January 2031.
Marina Bay Sands has reportedly secured a record $9 billion loan to help fund the expansion of the integrated resort in Singapore.
“Even amid disruptions caused by ongoing renovations, which resulted in fewer hotel rooms and gaming spaces, the financial performance remained exceptional, with record-breaking revenues and EBITDA exceeding $2 billion for the first time.”
The report added that the completion of several key projects under the $1.75 billion reinvestment program has “elevated Marina Bay Sands to new heights”.
Highlights include the completion of work on the Paiza Collection across all three hotel towers—a significant addition that positions the resort firmly as a leader in the ultra-luxury segment.
