“Singapore is going through a growth spurt,” Goldstein said. “All of a sudden Singapore’s become a hugely important market.”
Sands, which shares the market with rival casino operator Genting Singapore, said first-quarter revenue in the country increased 37% to US$1.16 billion.
Based on current trends, Singapore could see US$7 billion in gambling revenue overall this year, on its way to US$10 billion in the near future, Goldstein said.
Sands said last month that construction on the expansion could begin in July 2025. Drawings show a new hotel tower and a 15,000-seat performance venue. The project is separate from a US$1.75 billion refurbishment of the existing property.
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The company is interested in hosting concerts from the likes of Taylor Swift and Bruno Mars, as well as Asian acts, Goldstein said.
“Entertainment is a very important part of the mix,” he said. “We’re proposing to build a very big part of that into our new building in Singapore.”
