Las Vegas Sands (LVS) Filling Marina Bay Retail District
With Marina Bay Sands off to a booming start, the Singapore resorts retail outlets could add another S$1 billion in annual revenue to Las Vegas Sands Corp (LVS: 47.15 -2.72%), once fully operational.
David Sylvester, senior vice president of Sands’ Asia retailing operations said that contracts have been signed for approximately 95% of the center’s capacity.
50 retail shops are scheduled to open at the resort during the month of September in addition to more than 100 shops that have already opened. The retail venue will house over 300 shops and restaurants once fully operational.
The challenge facing the casino giant is filling the retail space with luxury shops that offer the already saturated market with unique products that Singapore residents cannot acquire elsewhere.
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