Marina Bay Sands H1 revenue rises 17% to US$2.6 billion as travel spend in Asia expands

[SINGAPORE] Net revenue for Marina Bay Sands (MBS) rose 17 per cent to US$2.6 billion (S$3.3 billion) in the first half of 2025, up from US$2.2 billion (S$2.8 billion) for the same period in 2024.

The casino resort operator’s parent company, Las Vegas Sands (LVS) said on Thursday (Jul 24) that MBS delivered “record financial and operating performance”. The company drew down S$1.1 billion to fund the payment of the land premium for the US$8 billion MBS expansion.

Revenue from rooms for Q2 grew 8 per cent year on year to US$134 million, though hotel occupancy dropped by 0.3 percentage point to 95 per cent across the same period. The average daily room rate rose 11.4 per cent, up to US$888 million, resulting in a revenue per available room of US$844 million compared to US$759 million in Q2 2024.

The company’s Ebidta margin for the second quarter grew 4.9 percentage points to 55.3 per cent.

To be completed in 2030, the new luxury hotel tower is set to have 570 suites and is expected to feature boutiques, gaming and wellness amenities. It will be 55 storeys tall and showcase a 76,000 square foot “Skyloop”.