Marina Bay Sands gets record $12b loan amid Singapore’s tourism boom
Wednesday 19 de February 2025 / 12:00
2 minutos de lectura
(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
iGaming Club Conference Cancun
24 de November 2025
Levon Nikoghosyan Confirms iGaming Cancun’s Success and Future LATAM Expansion
(Cancun, SoloAzar Exclusive).- The vibrant energy of iGaming Cancun has set the tone for a new chapter in the Latin American iGaming industry. Levon Nikoghosyan, CEO and Co-Founder of AffPapa and iGaming Club, shared his enthusiasm for the event’s debut in Mexico, highlighting its impact on the regional market and the company’s ambitious plans for the future.
Thursday 04 Dec 2025 / 12:00
iGaming Club Cancún 2025 Concludes Successfully with Strong Connections in Its First LatAm Edition
(Cancun, SoloAzar Exclusive).- iGaming Club Cancún 2025 came to a close last night with a comprehensive experience of conferences, networking, and the AffPapa iGaming Awards LATAM gala, consolidating itself as a unique space for operators, affiliates, and providers in the region.
Thursday 27 Nov 2025 / 12:00
iGaming Club Cancún 2025: Affiliates, Operators, and Innovation Take Center Stage on Final Day
(Cancun, SoloAzar Exclusive).- The second and final day of iGaming Club Cancún 2025 unfolds today, bringing together operators, affiliates, and select B2B providers in a unique networking and conference environment that highlights the evolving dynamics of the Latin American iGaming market.
Wednesday 26 Nov 2025 / 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.