SINGAPORE - Integrated resort operator Marina Bay Sands has been given another year -- by April 2024 - to start work on its S $4.5 billion expansion plan.
In a filing by its parent company, the United States Securities and Exchange Commission SEC Las Vegas Sands said Marina Bay Sands and the Singapore Tourism Board STB have entered into a supplemental agreement to extend the construction commencement deadline.
This is the second time that the MBS expansion deadline has been pushed back.
The completion deadline has been extended to April 8, 2028. Certain changes to the construction and operation plans can be made under the agreement.
A filing dated March 30th last year stipulated that MBS had until April 8th this year to start construction on the plans defined in the Second Development Agreement with STB in April 2019.
The expansion of Singapore's two integrated resorts Marina Bay Sands and Resorts World Sentosa was announced in 2019.