MBS granted 1 more year to start building its S$4.5b extension

Singapore

SINGAPORE'S Marina Bay Sands (MBS) now has 1 more year to kickstart its S$4.5 billion expansion plan, with this reprieve being granted by the Singapore Tourism Board (STB).

According to a filing with the US Securities and Exchange Commission dated Mar 30, the integrated resort operator has until Apr 8, 2023 to "commence construction" on the plans defined in a development agreement it signed with the STB in April 2019.