Las Vegas Sands recently announced its group-wide second quarter results reporting a 71.6% jump in net profit.
George Tanasijevich, the President and CEO of Marina Bay Sands the local unit, had said in April the expansion portion of the Singapore complex would not feature a casino. But his boss Robert Goldstein noted in the call commentary that the group was already pressing ahead with changes to the existing mass-market casino floor at Marina Bay Sands.
“Our mass casino floor is going through renovation currently and we’ll open renovated by summer of 2020,” said the group COO.
That would be followed by launches for facilities for higher-segment players on levels two and three of the existing property through to the year 2021, added the executive.
“Keep in mind we are adding additional slot machines late 2020; we’ll have another 400 roughly and the balance in 2021. So 500 new games on the floor in 2021,” he further stated.
Goldstein added, referring to electronic gaming machine takings: “The market does US$700, US$800 per unit per day; it’s pretty impactful.”
The Singaporean government said on April 3 that it had agreed to the expansion of the city-state’s two integrated casino resorts. In return for their investment – an aggregate of US$ 6.65 billion – the respective operators would continue to hold a duopoly on casino gambling in Singapore through 2030, it added at the time.
Source: GMB / GGR Asia
