USD 9 Billion Expansion for Singapore Resorts

Singapore's two integrated resorts, the Marina Bay Sands will add a new entertainment arena and hotel tower, while the Resorts World Sentosa will extend Universal Studio Singapore with two new immersive environments, the Minion Park and Super Nintendo World, all part and parcel of the $9 billion expansion.

Chan Chun Sing, Singapore's Trade and Industry Minister said the government has been in intense negotiations with the two international resorts (IRs) to keep their non-gaming offerings fresh while limiting the potential downsides of gaming components. He said the two resorts will invest about $9 billion to expand and refresh their non-gaming components in exchange for the exclusivity period to be extended to end 2030.

"The expansion of the IRs is part of our ongoing efforts to rejuvenate our tourism offerings. We have done reasonably well in the recent past with the development of the Mandai project and plans for the rejuvenation of Orchard Road and the Greater Southern Waterfront," said Chan. He added that Marina Bay Sands will also construct a 15,000-seat state-of-the-art entertainment arena. "It will also build a fourth tower which will feature about 1,000 all-suite rooms, a sky roof with a swimming pool as well as a signature restaurant." In regards to Resorts World Sentosa, Chan said there will be an addition of 1,100 rooms with the expansion of its central zone as well as the construction of two new destination hotels. "There will also be a driverless transport system across the Sentosa Boardwalk."

Chan said the expansion will take place in phases, with new experiences opening every year from 2020.