Construction of a fourth tower is scheduled to commence in June 2025, and expected to be completed by June 2030, with an estimated official opening in January 2031.
Investment in the project, which was initially announced in April 2019 at a cost of US$3.3 billion, has since more than doubled to US$8 billion, LVS said in its third-quarter earnings presentation on Oct 23. The casino giant expects to shoulder between 25 and 35 per cent of the project cost directly, with the remaining 65 to 75 per cent to be covered through project financing.
MBS’ net revenue declined 9.5 per cent to US$919 million for the third quarter ended September, while its adjusted property earnings before interest, taxes, depreciation and amortisation fell 17.3 per cent to US$406 million.