Marina Bay Sands expansion timeline extended; construction start by July 2025, completion by July 2029

LAS VEGAS SANDS CORP

Letter Agreement with Singapore Tourism Board extends Construction Commencement deadline to July 8, 2025 and Completion deadline to July 8, 2029.
Expansion includes luxury hotel tower, 15,000-seat entertainment arena, and premium MICE space designed by Safdie Architects.
Separate $1.75 billion reinvestment in existing property: Towers 1 & 2 refurbished, Tower 3 and SkyPark underway.
Planning permission application must be submitted by October 15, 2024 per the amended Development Agreement.
Marina Bay Sands has hosted 470 million visitors since 2010, employs over 11,500 staff, and contributed 1,750 new-to-Singapore MICE events.

item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LAS VEGAS SANDS CORP amended Letter Agreement with Singapore Tourism Board (effective 2024-04-03).

Action: amendment
Counterparty: Singapore Tourism Board
Effective: 2024-04-03

Exact text from the filing

On April 3, 2024, Marina Bay Sands Pte. Ltd. (“MBS”), a subsidiary of Las Vegas Sands Corp. (the “Company”), and the Singapore Tourism Board (the “STB”) entered into a letter agreement dated April 1, 2024 and effective April 3, 2024 (the “Letter Agreement”) that amends the Development Agreement, dated April 3, 2019, between the STB and MBS (as amended by that certain letter agreement, dated March 29, 2022, and as further amended by that certain supplemental agreement, dated March 22, 2023, the “Development Agreement”).

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Source: SEC EDGAR

accession 0001300514-24-000058

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