Feb 17, 2011
Las Vegas Sands seeking more land to expand MBS
SINGAPORE - US CASINO operator Las Vegas Sands is seeking more land to expand its highly profitable Singapore casino, founder and CEO Sheldon Adelson said on Thursday.
He told reporters at the official opening of Las Vegas Sands' US$5.5 billion (S$7.15 billion) Marina Bay Sands (MBS), the world's second most expensive after MGM's CityCenter in Las Vegas.
Las Vegas Sands said on Feb 3 its Singapore casino had earnings before interest, tax, depreciation and amortisation (Ebitda) of US$306 million in fourth quarter 2010, boosted by above-normal table game winnings.
The casino, which opened in April 2010, generated US$241.6 million in Ebita in the third quarter. -- REUTERS
http://www.straitstimes.com/Breaking+News/Singapore/Story/STIStory_635850.html
Marina Bay Sands, view from Bayfront Avenue. PHOTO: Marina Bay Sands
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20Feb2011: Las Vegas Sands seeking more land to expand MBS
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