• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Sunday 27 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Las Vegas Sands expecting “big turn” in Marina Bay Sands recovery in 2022

Ben Blaschke by Ben Blaschke
Thu 21 Oct 2021 at 05:56
Macau Gaming Law series part 13: Provisions regarding other jurisdictions can cause legal conflict

Marina Bay Sands, Singapore.

196
SHARES
4.9k
VIEWS
Print Friendly, PDF & Email

Las Vegas Sands Chairman and CEO Rob Goldstein says he expects the company’s Singapore integrated resort, Marina Bay Sands, to enjoy a significant recovery in 2022, mirroring the resurgence already being felt by gaming operators in Las Vegas.

Although some uncertainty remains around the timing of recovery in LVS’s other major Asian market of Macau, Goldstein told analysts during its 3Q21 earnings call on Thursday morning (Asia time) that he fully expected Singapore to rebound strongly next year, boosted by rising vaccination rates and pent-up demand

“Las Vegas is the blueprint for recovery in Asia,” Goldstein said. “We were told that in Las Vegas we wouldn’t see revenues return until 2024 or 2025, but here we are in the fall of 2021 and the market has blown wide open. And what is the path? The path is pent-up demand, vaccinations and doors getting opened.

“And vaccinations in Asia are booming. If you look at what’s happening in Singapore, Malaysia, Japan, China, Korea – it’s all above what’s happening in the US. So we have extremely strong vaccination rates but also a government that wants to open the doors and the Singapore government has evidenced that.”

As reported by Inside Asian Gaming, Singapore has embarked on a strategy to live with COVID-19, having eased a number of restrictions when the vaccination rate hit 80% in August and opened international travel to arrivals from selected countries. A rise in cases has seen some restrictions reintroduced in recent weeks although most of those are limited to the unvaccinated.

Goldstein said he remains “highly confident we will see a big turn in 2022, the recovery will begin in 2022.

“When [will MBS] get back to US$1.7 billion in EBITDA? I don’t know, but it will be a lot better in 2022 if the government continues on its path, which has shown a lot of leadership and thoughtfulness. Vaccination rates are above 80%. The market there is ready to come back as the government opens its travel lanes.

“The demand here in Las Vegas is very instructive. Why wouldn’t that happen in Asia? People are also saying 2025 for Macau. Well, when they opened the doors in Vegas it took about 30 minutes. Once they opened the doors up it just recovered, and it’s a gaming-based recovery, it’s not a convention and banquet-based recovery. That’s yet to come.

“So the future in Vegas looks very bright and there is no reason it can’t be emulated in both Singapore and Macau. We’re highly confident it’s going to happen in Singapore in 2022.”

Less certain is when LVS will commence its long-awaited US$3.3 billion expansion of MBS, which continues to face delays due to the COVID-19 pandemic.

LVS President and COO Patrick Dumont said the company would “love to get started as soon as possible, but right now they (Singapore) are dealing with a lot of things that are a higher priority, so we’re waiting patiently.

“We have a long-term partnership with the government and we’re looking forward to working through the open remaining items so we can begin. The question is when and I think that will be dictated by necessary public health responses around timing and opening.”

RelatedPosts

2021: Japan IR – Crunch time part 2

Nomura: Strong VIP volumes at Marina Bay Sands bodes well for Genting Singapore’s own hotel upgrade decision

Thu 24 Jul 2025 at 14:24
A New Macau

Sands China to adopt more aggressive approach to customer reinvestment in Macau due to recent underperformance, targets US$2.7 billion annual EBITDA

Thu 24 Jul 2025 at 06:16
Dr Wilfred Wong

The Londoner Macao shows benefits of multi-billion-dollar revamp as 2Q25 performance pushes Sands China revenues to US$1.79 billion

Thu 24 Jul 2025 at 05:17
Singapore’s Changi Airport now Asia’s busiest airport as Hong Kong falls further behind

Singapore’s Changi Airport says passenger traffic from China up almost 16% in 2Q25

Wed 23 Jul 2025 at 05:55
Load More
Tags: covid-19expansionLas Vegas SandsMarina Bay SandsRobert GoldsteinSingapore
Share78Share14
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Winds of change

Belle Corp’s share in City of Dreams Manila gaming revenue down 18% in 1H25

by Newsdesk
Sat 26 Jul 2025 at 08:39

Philippines real estate firm Belle Corp saw its share in gaming revenue from City of Dreams Manila fall by 18% year-on-year to Php772.3 million (US$13.5 million) in the first half of 2025, reflecting the challenges currently being faced by Manila’s...

DigiPlus to enter South Africa’s online sports betting market

DigiPlus to enter South Africa’s online sports betting market

by Newsdesk
Sat 26 Jul 2025 at 08:37

Philippines gaming technology firm DigiPlus Interactive Corp has announced plans to further expand internationally by entering the South African online sports betting market. The company said in a Friday statement that it would file license applications with the Western Cape...

Uncertain future for POGO industry suppliers as PAGCOR says operations in “status quo” for now

Maybank: Threat of total ban on Philippines online gaming is real, more clarity from President Marcos likely Monday

by Ben Blaschke
Fri 25 Jul 2025 at 12:34

Malaysian investment bank Maybank has warned that the threat of a total ban on the Philippines’ domestic online gaming, or eGames, sector is real given that political noise is similar to before recent bans on eSabong and POGOs. While Maybank...

MGTO says no apparent impact on visitor numbers from limitation on provision of free snacks in Macau casinos

Macau visitor arrivals rise 13.3% year-on-year to 2,891,003 in June

by Pierce Chan
Fri 25 Jul 2025 at 05:45

According to data from Macau’s Statistics and Census Service (DSEC), a total of 2,891,003 visitors arrived in Macau in June, representing a year-on-year increase of 13.3%. Mainland China remained the primary source of visitors to Macau in June, with 1,995,627...

Your browser does not support the video tag.


IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語