RWS, MBS must still invest S$9 billion or risk higher taxes: MTI

Singapore

SINGAPORE'S integrated resorts (IRs) remain committed to their investment plans, despite the knock-out blow that the novel coronavirus pandemic has landed on the industry.

Even so, a heftier tax burden still looms should either Marina Bay Sands (MBS) or Resorts World Sentosa (RWS) fall through on last year's pledge to plough a combined S$9 billion into new non-gaming attractions.