Marina Bay Sands posts record earnings

Luxury travellers: The Marina Bay Sands hotel and casino in Singapore. The number of international visitors rose by 21% to 16.5 million in 2024, led by travellers from China, Indonesia and India. — Bloomberg

SINGAPORE: Marina Bay Sands (MBS) has seen its annual earnings hit US$2bil (S$2.7bil) in what is its strongest performance since opening in 2010.

Record earnings before interest, taxes, depreciation and amortisation in 2024 were partly driven by a sharp rebound in high-end travel and a bold strategic shift to slash nearly a third of its hotel rooms in favour of high-end suites.