Marina Bay Sands gets record $12b loan amid Singapore’s tourism boom
Wednesday 19 de February 2025 / 12:00
⏱ 1 min read
(Singapore).- Marina Bay Sands (MBS) has obtained a $12 billion multi-tranche loan to fund a planned expansion of its integrated resort in Singapore, according to a person familiar with the matter, marking the largest such financing in the city state ever.
DBS Group Holdings, Malayan Banking, OCBC Bank and UOB were the coordinating banks on the credit facility, which attracted 22 other lenders when it was syndicated to the broader market, said the person, who asked not to be named discussing private matters.
A representative at MBS said the company does not have “any information to provide at this time” when asked about the deal, while its parent Las Vegas Sands did not immediately respond to requests for comment sent outside normal working hours.
The loan will be used for refinancing and to fund the expansion of the company’s integrated resort, the cost of which is expected to balloon to US$8 billion (S$10.8 billion) from the original estimate of about US$3.4 billion made in 2019.
MBS’ expansion plans come as Singapore’s tourism industry has staged a sharp rebound since the pandemic. International visitor arrivals in the city state in 2024 increased by 21 per cent to 16.5 million, led by tourists from China, Indonesia and India.
The previous syndicated loan record in Singapore was a $9.3 billion facility signed in 2012, which financed the acquisition of food and beverage maker Fraser & Neave by Thai billionaire Charoen Sirivadhanabhakdi’s TCC Assets.
Categoría:Casino
Tags: Sin tags
País: Singapore
Región: Asia
Event
SBC Summit Americas 2026
09 de June 2026
Belatra Games Highlights Networking Value at SBC Summit Americas 2026
(Fort Lauderdale, SoloAzar Exclusive).- Lucila M. Barletta, Head of Accounts LatAm at Belatra Games, shared her insights on the company’s participation at SBC Summit Americas. From strengthening partnerships to exploring new opportunities, she emphasized the importance of both large industry events and smaller networking experiences in driving meaningful business growth.
Friday 03 Jul 2026 / 12:00
Zenith Strengthens LATAM Presence at SBC Summit Americas
(Fort Lauderdale, SoloAzar Exclusive).- In conversation with SoloAzar, Eddie Morales, Zenith's Business Development Manager, shared the company’s objectives at SBC Summit Americas, the opportunities generated, and the outlook on the future of the gaming industry in Latin America.
Friday 03 Jul 2026 / 12:00
LSports LATAM Secures Major Partnerships at SBC Summit Americas 2026
(Fort Lauderdale, SoloAzar Exclusive).- In Q&A after SBC Summit Americas 2026, Fernando Martinez, representative of LSports LATAM, talked about the company’s goals, achievements, and future plans in the region. Martinez shares insights on the evolving dynamics of the Latin American market, the importance of strategic partnerships, and how LSports is positioning itself as a leading data and trading services provider.
Wednesday 01 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
