In a joint statement on Wednesday evening (April 3), the operators of the two integrated resorts (IR) will pump in $9 billion to build world-class attractions, which will include a fourth tower to the iconic Marina Bay Sands (MBS) development, three new hotels, a 15,000-seat entertainment arena and extensions to Universal Studios Singapore (USS).

The Ministry of Trade and Industry said that the $9 billion investment is almost two-thirds of the IRs’ initial investment of about $15 billion in 2006.

According to the Straits Times, MBS and Resorts World Sentosa (RWS) will be allowed to expand their casino operations, with their exclusive rights to run a casino here extended until the end of 2030.

However, their gambling revenue will be further taxed by the Government. This means that casino levies on Singapore residents will be increased. The daily levy will go up from $100 to $150 from Thursday (April

...