Does foreign ownership matter? Marina Bay Sands’ success benefits Singapore greatly
It’s Singapore’s time to shine in drawing premium visitors, as tourism mega hits drive economic growth and create jobs
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SINGAPORE’S Marina Bay Sands (MBS) has hit the jackpot. The integrated resort (IR) delivered “simply the greatest quarter in the history of casino hotels”, said Las Vegas Sands (LVS) then chairman and chief executive officer Rob Goldstein in an earnings call on LVS’ fourth-quarter 2025 results.
Goldstein has since been succeeded in the two roles by Patrick Dumont.
LVS-owned MBS’ adjusted property earnings before interest, taxes, depreciation and amortisation (Ebitda) soared 50.1 per cent year on year to a new high of US$806 million in Q4 2025. Adjusted property Ebitda margin was 50.3 per cent in the latest quarter.
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