With Singapore’s tourism industry rebounding mightily from coronavirus restrictions, Marina Bay Sands could eventually post $500 million in earnings before interest, taxes, depreciation, and amortization (EBITDA) in a single quarter.
Speaking Wednesday at the Bernstein 39th Annual Strategic Decisions Conference in New York, Las Vegas Sands (NYSE: LVS) Chairman and CEO Rob Goldstein said Singapore EBITDA levels have rebounded to pre-pandemic levels and that he’s optimistic Marina Bay Sands will eventually post at least one quarter in which it generates $500 million in EBITDA.
I believe [Marina Bay Sands] has the ability to get to a US$2 billion annualized EBITDA,” he said at the conference. “How do we get there? We get there with more Chinese visitation and by better, improved product, both in the lodging and the gaming.”
Marina Bay Sands and Genting Singapore’s Resorts World Sentosa comprise the integrated resort duopoly in the city-state. Currently, MBS is Sands’ lone venue outside of Macau.
Speaking Wednesday at the Bernstein 39th Annual Strategic Decisions Conference in New York, Las Vegas Sands (NYSE: LVS) Chairman and CEO Rob Goldstein said Singapore EBITDA levels have rebounded to pre-pandemic levels and that he’s optimistic Marina Bay Sands will eventually post at least one quarter in which it generates $500 million in EBITDA.
I believe [Marina Bay Sands] has the ability to get to a US$2 billion annualized EBITDA,” he said at the conference. “How do we get there? We get there with more Chinese visitation and by better, improved product, both in the lodging and the gaming.”
Marina Bay Sands and Genting Singapore’s Resorts World Sentosa comprise the integrated resort duopoly in the city-state. Currently, MBS is Sands’ lone venue outside of Macau.