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Marina Bay Sands Seeks SG$8 Billion Loan for Casino Expansion in Singapore

Published

6 years ago

June 19, 2019

Niji Narayan

Marina Bay Sands Seeks $8 Billion Loan for Casino Expansion in Singapore

Photo Source: mothership.sg

Reading Time: < 1 minute

Marina Bay Sands, a subsidiary of US-based Las Vegas Sands, is going to apply for a loan to raise $8 billion fund for its casino expansion in Singapore.

In April, the casino revealed plans for adding a new tower at the existing property in Singapore. However, the company officials later clarified that the new tower would not host gambling operations.

“Marina Bay Sands would have to woo both existing and new lenders to achieve success with this exercise. The borrower has not raised such a size before and it is also unprecedented for the market in Singapore,” A loan broker in Singapore said.

This could be the second biggest syndicated loan in the country. Though the casino’s financials are strong, the company may still find it difficult to raise the funds.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.