The first full month of operations at Marina Bay Sands has gone so well that the expectations of the gaming analysts will be exceeded, said the owner of the property, Las Vegas Sands Corp.
Despite being the second of two casinos to open in Singapore, interest in the integrated resort is strong. Las Vegas Sands President and COO Michael Leven said that about 550,000 people visited the Marina Bay Sands casino in the first 25 days of May, even though only about a quarter of the property was open.
Based on an average of 13 gaming analysts contacted by Bloomberg, Marina Bay Sands will generate $329 million in 2010 EBITDA.
Leven expressed a little disappointment with the results on slot machines, adding that the company will add more electronic roulette and baccarat machines to compensate.
He acknowledges some difficulties in the phased opening, but predicts that once the entire project is open— by the end of the year—things will be running like clockwork.
“It’s really a work in progress,” Leven said. “The amount of complaints we’re getting are pretty typical of any opening.”