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Marina Bay Sands is a gambling club resort complex on Marina Bay in Singapore. It is the world's most costly independent club and speaks to a US$5.7 billion venture by Las Vegas Sands Corporation. The spot is extravagant and tremendous with floor space covering 6,253,000 square feet on very nearly 40 sections of land of prime land.

Singapore casino operator Marina Bay Sands Pte Ltd has reached a deal with its lenders to amend an existing credit facility agreement. The announcement was made by the firm’s parent. U.S.-based casino operator Las Vegas Sands Corp.

Marina Bay Sands Pte Ltd is the operator of the Marina Bay Sands casino resort (pictured in a file photo), one of Singapore’s two casino properties. The other is Resorts World Sentosa, operated by Resorts World at Sentosa Pte Ltd, a unit of Genting Singapore Ltd.

The deal to amend the credit facility deal was reached on Thursday, with the lenders represented by DBS Bank Ltd as agent. The original credit facility agreement was dated from 2012.

The deal, according to Las Vegas Sands, “modifies the financial covenant provisions under the facility agreement” such that Marina Bay Sands Pte Ltd “will not have to comply with the leverage or interest coverage covenants for the financial quarters ending, and including, September 30, 2020 through, and including, December 31, 2021”.

It also extends to June 30, 2021, the deadline for the casino operator to deliver to the lenders “the quantity surveyor’s construction-costs estimate and the construction schedule” for the Marina Bay Sands expansion project.

Singapore’s government announced last year it had agreed to the expansion of the city’s two casino resorts. In return for their investment – an aggregate of SGD9 billion (US$6.45 billion) – the respective operators will continue to hold a duopoly on casino gambling in the city-state through to 2030, it was announced at the time.

Marina Bay Sands Pte Ltd’s amended credit facility permits the company to make dividend payments during the financial quarters through to December 31, 2021. Such dividend payments can be “unlimited” from the lending banks’ perspective if the ratio of the Singapore casino operator’s debt to consolidated adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) “is lower than or equal to 4.25 to 1”.

The dividend payments during the mentioned period have to be restricted at “up to SGD500 million per fiscal year” if the ratio of Marina Bay Sands Pte Ltd’s debt to consolidated adjusted EBITDA is higher than 4.25 to 1,” Las Vegas Sands said.

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The payment of dividends is subject to additional requirements related to Marina Bay Sands Pte Ltd’s liquidity levels and its interest coverage ratio.

A number of casino operators and gaming equipment suppliers have in recent weeks announced fresh debt issuance exercises or the amendment of existing credit facilities, to help them face the financial challenges posed by the negative impact on business from the Covid-19 pandemic.

In its Friday filing on Marina Bay Sands Pte Ltd’s amended credit facility, Las Vegas Sands made no reference to Covid-19.

Nearly 200 shops, including tenant-run food and drink outlets, reopened on Friday at the mall at the Marina Bay Sands casino resort, the venue said in a message on its website. It coincided with the resort’s host city Singapore beginning phase two of an exit from Covid-19 countermeasures.

The gaming floors at Singapore’s two casino properties have been closed since April 7 and remain so.

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Located along the Marina Bay Waterfront, Marina Bay Sands (MBS) resort is one of the largest integrated gambling destinations in Singapore. The casino opened its gates in 2010 and at the time, it was one of the world’s most expensive casino properties.
At present, MBS integrated resort features a 2,561-room hotel, a mall, a convention-exhibition centre (of 120,000-square-metre), a museum, a chain of restaurants, a skating rink, two large theatres, two floating Crystal Pavilions, and the MBS Singapore casino. MBS Resort Singapore holds the record for having the world’s largest atrium casino. It consists of 500 game tables along with more than 1,600 slot machines.

Marina Bay Sands is a complete entertainment destination for those looking to spend some quality time in Singapore. In addition to a fully fledged resort, there is also a casino which is known for its elegant service and quality gaming.

There’s a ‘Mystery Car Jackpot’ offered by the casino in which each jackpot winner is given a luxury car. There are many more surprises and rewards for those who choose to play at the Marina Bay Casino Singapore. Then, there is an associated club at Sands Skypark along with celebrity restaurants where you can enjoy fine cuisine and have a fun-filled evening when you are not playing at the casino.

Facilities At MBS Singapore

As mentioned before, the Marina Bay Sands has a museum, casino, restaurants, clubs, waterpark, and much more. Basically, you can find here everything to fill some colours in your otherwise dull evening. Here are some of the major services you should be enjoying at MBS Singapore.

Casino services (Types of games)

With its 15,000 sq-metre area expanded over 4 levels, MBS Casino Singapore is one of the biggest casinos in Southeast Asia. With over 500 tables, 1,600 slot machines (also known as jackpot machines by the locals), and 30 private gaming rooms, the casino has everything you’ll ever need in terms of adequate gambling opportunities. To keep the user interest alive, Marina Bay Casino Singapore is now also offering a large range of the latest and popular electronic games along with the facility of online gaming to players all over the world.

The casino architecture, which consists of more than 130,000 Swarovski crystals, is designed such as to keep the gamblers transfixed by its beauty and elegance. One cannot simply leave before completely analyzing and appreciating the casino style. There is also a special gaming level for non-smoking gamblers.

The following three major types of games are offered at Marina Bay Casino Singapore.

Slot Machines

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Slots are the biggest attraction at MBS Casino Singapore. There are over 1,600 slot machines with different themes and game options so you’ll never run out of slots to play. The game selection includes many of the latest and popular electronic games at dedicated online slot machines. Some of the common types include video slots, multi-station slots, shared slots, reel, and more. If you are looking to play progressive slots for even a bigger jackpot amount, MBS Singapore won’t disappoint you.

Table Games

A casino is known for the variety of table games it has to offer. Keeping that in mind, Marina Bay Sands casino provides a large range of table games to suit the interest of all players. Some of the most popular table games offered here include Money Wheel, Roulette, Baccarat, Sic-Bo, Singapore Stud Poker, Blackjack, etc. With over 500 tables on the premises, you’ll never run out of the place to try your luck. Whether you are looking for a specific variety of game or table with a specific betting limit or higher gaming levels, you’ll find all that here. There is also a non-smoking level where you can enjoy gaming in your suitable environment.

Electronic Games

The trend of electronic casino games is rising very fast. MBS casino ensures to keep their facilities updated by offering all the popular online table games and live games through a highly sophisticated electronic betting platform. There are available computerized machines where players can enjoy their favourite rapid table games, place wagers through dedicated touch screens and make instant cashouts.

Resort services

The resort is another of the main facilities offered by MBS Casino Singapore. It is situated in one of the biggest buildings in the city, which comprises of three towers, each of 55-storey high. The MBS Singapore resort features restaurants, hotel, gardens, nightclubs, theatres, and an outdoor infinity pool, which is something you just can’t resist to bath in if you are planning to enjoy the full resort services.

The MBS hotel has over 2,560 rooms for their guests to stay and a dedicated shopping mall offering all types of shopping facilities through the best of all luxury stores. In addition, there are two big movie theatres where you can enjoy some of the best and latest movies and plays, a huge convention hall for holding events and seminars, nightclubs, and more.

Rewards

In addition to loyalty and membership rewards, MBS Singapore casino has several other rewards programs that are aimed at keeping the players entertained and interested in the casino services. Here are some of the most prominent rewards programs at MBS Casino Singapore.

Sands Rewards Club: It is the casino’s most popular loyalty program. As a regular player of the casino, you can choose to become a rewards club member. The members are offered several benefits, including Sands points, dollars, bonus dollars for their gaming activities. These rewards can be redeemed for dining, shopping and hotel stay at the resort.
Sands Rewards Lifestyle: Destination dollars and points are offered in this program for all of your resort activities, which can be redeemed at any of the shopping or entertainment outlets of the Marina Bay Sands resort.

Casino Entry and Gaming Rules

MBS Casino Dress Code: The casino requires visitors to dress in casual wear to enter and play in the premises.
Marina Bay Sands Casino Timings: The local (permanent and Singaporean) visitors need to purchase the valid entry levy (24 hour or annual) to enter the casino.
Singapore Casino Entry Levy: Foreigners need not purchase the entry levy but must produce required identification documents if asked.
There is an age restriction of 21 years for MBS casino players.

When the casino opened its doors in 2010, it was recorded as the most expensive casino property in the world at $8 billion US dollars. The resort also has a 150 m long infinity swimming pool. The MBS resort is expanded over a 20-hectare area.

The casino section occupies only about three percent of the entire resort area. Its architecture was designed by the famous architect Moshe Safdie. Marina Bay Casino Singapore was officially opened on 27 April 2010 for the general public. It stays open for 24 hours.

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