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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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Leslie Yee

Leslie Yee

Published Tue, Mar 24, 2026 · 01:58 PM
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    • MBS has helped in branding Singapore. The Moshe Safdie-designed integrated resort is a widely recognised landmark of the Republic globally.
    • MBS has helped in branding Singapore. The Moshe Safdie-designed integrated resort is a widely recognised landmark of the Republic globally. PHOTO: YEN MENG JIIN, BT

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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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    Marina Bay SandsIntegrated ResortsTourismSingapore tourismMICEHotelsHospitalityHock Lock Siew

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