Marina Bay Sands Pte Ltd, the operating entity of Singapore integrated resort Marina Bay Sands, expects to make an initial US$850 million payment to the Singapore Tourism Board during the second quarter of 2025, representing the majority of the US$1 billion upfront payment is has committed to make for recent to the design for its upcoming expansion project, dubbed MBS IR2.
The remaining US$150 million is due in 2026, according to information in parent company Las Vegas Sands’ (LVS) 2024 Annual Report, published Friday.
As previously reported by Inside Asian Gaming, the US$1 billion payment is in addition to an initial upfront payment of US$963…
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