MBS expansion expected to cost S$10.7 billion, up from S$4.6 billion estimate in 2019

The planned expansion of Marina Bay Sands (MBS) is currently expected to cost US$8 billion (S$10.7 billion), which is more than double the original estimate of about US$3.4 billion (S$4.6 billion) made in 2019, according to Bloomberg.

To fund the expansion of the Las Vegas Sands casino resort, MBS is seeking a loan of around S$12 billion (US$9 billion), which would be the largest financing from Singapore, it was also reported.

DBS Bank, Malayan Banking, OCBC Bank and UOB are coordinating the loan, people familiar with the matter but could not to be identified reportedly said.

The seven-year tenor facility will be syndicated to other financiers, but terms may change as negotiations continue, the sources also revealed.

The loan will be used to refinance an existing S$4 billion (US$3 billion) seven-year borrowing from August 2019, the sources said.

The expansion of the MBS resort is slated for completion in early 2031, subject to government approval, and includes the construction of a new fourth tower and a 15,000-seat arena.

This was revealed in an earnings report in October 2024.

The previous syndicated loan record in Singapore was a S$9.3 billion facility signed in 2012.

It was to finance the acquisition of food and beverage maker Fraser & Neave by Thai billionaire Charoen Sirivadhanabhakdi’s TCC Assets.

Top photo via Marina Bay Sands