Las Vegas Sands resort in Singapore aims to 'redefine' luxury
July 15 (UPI) -- An $8 billion ultra-luxury Las Vegas Sands property in Singapore has its owners saying the soon-to-be constructed resort will "redefine industry standards" and expand the regional footprint of the small island nation.
On Tuesday, officials broke ground on the future luxury entertainment destination with both Singapore government and Las Vegas Sands representatives present to witness.
"This is going to be the most luxurious and high-serviced hotel in the world," company President and COO Patrick Dumont told The Straits Times on Monday ahead of the ceremony.
It's slated for completion by 2030 and officials hope to open by 2031.
More than 200 guests attended Tuesday's groundbreaking, including Singapore's Prime Minister Lawrence Wong and company co-founder Miriam Adelson. Native artist Jasmine Sokko and Canadian singer-songwriter Henry Lau entertained guests.
The vast 55-story complex will hold 570 luxury hotel suites, a casino, shopping, spa and wellness stops, 20,000 feet of meeting and convention space and a 15,000-seat entertainment arena. The state-of-the-art arena is designed by Populous, the same global firm that curated the Sphere in Las Vegas and London's O2 Arena in Britain.
Dumont added that Singapore was an "incredibly desirable" location to Las Vegas Sands, which is the parent company of Marina Bay Sands.
According to the company, the new resort will "push boundaries."
"We have every intention of delivering a product that will be the envy of the hospitality industry and ushers in a new era of luxury tourism in Singapore," Robert Goldstein, chairman and CEO of Las Vegas Sands, said Tuesday.
The design is being lead by Moshe Safdie of Safdie Architects, the same firm behind the design of the Marina Bay Sands properties.
Trump meets with Singaporean Prime Minister Lee Hsien Loong
President Donald Trump (R) and Singapore Prime Minister Lee Hsien Loong shake hands during joint statements in the Rose Garden on Monday. Photo by Pat Benic/UPI | License Photo
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
27 minutes ago
- Business Wire
Keller Williams Expands to Singapore
AUSTIN, Texas--(BUSINESS WIRE)-- Keller Williams Realty, LLC (KW), the world's largest real estate franchise by agent count, is expanding across Asia. As momentum continues, KW has awarded a new master franchise in Singapore. As of June 30, KW has 22 market centers and 1,196 affiliated agents across Asia. 'We are thrilled to welcome KW Singapore to our KW family,' said Soteroff. 'As our growth across Asia continues to gain momentum, Singapore represents a dynamic market where our models and culture will thrive.' Share 'We are thrilled to welcome KW Singapore to our KW family,' said William E. Soteroff, president of Keller Williams Worldwide (KWW), the international division of KW. 'As our growth across Asia continues to gain momentum, Singapore represents a dynamic market where our models and culture will thrive.' Led by Regional Operating Principal Melvin Lim, the KW franchise in Singapore is currently initiating operations. In Q3 2025, KW® Singapore is expected to open its first market center. Lim brings to KW® Singapore 16 years of real estate experience spanning residential sales and brokerage operations. Currently, he serves as the co-founder and CEO of PropertyLimBrothers, a full-service real estate brokerage operating in Singapore. 'Melvin and his PropertyLimBrothers team bring a proven track record of innovation, leadership, and success in the Singaporean real estate market,' said Soteroff. 'We're confident they will set another powerful benchmark for KW's expansion across Asia.' Lim is also widely recognized for pioneering the use of video home tours in Singapore as a powerful marketing strategy. 'I aspire to watch KW systems and models shape the Singaporean housing market by empowering real estate agents to think like entrepreneurs,' said Lim. 'It is exciting to see how the KW brand has attracted 50 recruits even before the official launch of KW Singapore.' Singapore marks the eighth KW master franchise in Asia. The brand's other seven regions include Vietnam, the Philippines, Malaysia, Japan, Thailand, Mongolia, and India. As of June 30, KWW has more than 270 market centers (outside the U.S. and Canada) across more than 60 regions. KWW has more than 17,500 affiliated agents collectively operating outside the U.S. and Canada. KWW is currently exploring further expansion opportunities across Africa, Central and South America, Central and Eastern Europe, and throughout Asia. Core criteria for new licensees start with having a qualified leadership team grounded in the Keller Williams® culture; KWW also strives for stability in the government, banking, and judicial systems, and a higher maturity level in the real estate market. Outside of the U.S. and Canada, KWW's regions include Albania; Argentina; Aruba; Bahamas; Belize; Bermuda; Bolivia; Bonaire; Cayman Islands; Colombia; Costa Rica; Curaçao; Cyprus; Czech Republic; Delhi NCR, India; Dominican Republic; Dubai, UAE; El Salvador; France; Germany; Greece; Guatemala; Guyana; Honduras; Ireland; Israel; Italy; Jamaica; Japan; Luxembourg; Malaysia; Mexico; Monaco; Mongolia; Nicaragua; North Macedonia; Panama; Paraguay; Peru; Philippines; Poland; Portugal; Puerto Rico; Romania; São Paulo, Brazil; Saudi Arabia; Scotland; Serbia; Singapore; Sint Maarten; Slovenia; Southern Africa; Spain; Suriname; Thailand; Turkiye; Turks and Caicos; United Kingdom; Uruguay; and Vietnam. About Keller Williams Austin, Texas-based Keller Williams Realty, LLC is the world's largest real estate franchise by agent count. It has more than 1,000 market center offices and 162,000 affiliated agents. The franchise is No. 1 in units and sales volume in the U.S.
Yahoo
32 minutes ago
- Yahoo
Remember Cambridge Analytica? What to know about the $8B US lawsuit against Meta's board
More than seven years after a privacy scandal involving Facebook and the Cambridge Analytica consulting firm emerged, an $8-billion US class action investors' lawsuit against Mark Zuckerberg and other Meta board members will begin. The plaintiffs, led by Amalgamated Bank Inc., will argue in court in Wilmington, Del., that the harvesting of data of Facebook users in the Cambridge case was in violation of a 2012 agreement with the U.S. Federal Trade Commission (FTC). It's an investors' lawsuit that Meta battled all the way to the Supreme Court. The nine justices even heard arguments last November, before doing an about-turn just a couple weeks later, unanimously allowing the case to go forward. Here's a look at how the case proceeded, and what to expect: Cambridge Analytica, revisited In 2018, revelations that data from tens of millions of Facebook users was accessed by Cambridge Analytica emerged, in part due to a Canadian whistleblower. The now-defunct political consulting firm did work for Republican candidate Ted Cruz, who nonetheless lost to Donald Trump, and then the firm worked for Trump during his successful 2016 presidential campaign. Cambridge Analytica's investors included Trump ally Steve Bannon and Robert Mercer, a reclusive billionaire who agreed to support Trump's campaign after first backing Cruz. Cambridge Analytica harvested data on users who answered a Facebook quiz app, This Is Your Digital Life, as well as friends of those users. Zuckerberg admitted it was a "major breach of trust" on Facebook's part. "We have a responsibility to protect your data, and if we can't then we don't deserve to serve you," he said in an early 2018 statement. Scandal has been costly for Facebook The FTC fined Facebook $5 billion in the wake of the Cambridge Analytica scandal, saying the company had violated a 2012 agreement with the FTC to protect user data. That same year, Facebook reached a $100 million settlement with the U.S. Securities and Exchange Commission for misleading investors. In 2022, Facebook settled a U.S. class-action lawsuit with users for $725 million, without admitting wrongdoing. On its website, the company has said it has invested billions of dollars into protecting user privacy since 2019. Who's going to testify? The trial will feature testimony from Zuckerberg and other billionaire defendants including former chief operating officer Sheryl Sandberg, venture capitalist and board member Marc Andreessen, and former board members Peter Thiel, the Palantir Technologies co-founder, and Reed Hastings, co-founder of Netflix. Jeffrey Zients, White House chief of staff under President Joe Biden and a Meta director for two years starting in May 2018, is expected to be one of the first witnesses to take the stand in the non-jury trial before Kathaleen McCormick, chief judge of the Delaware Chancery Court. A lawyer for the defendants, who have denied the allegations, declined to comment to Reuters. What do shareholders want? Shareholders want the defendants to reimburse Meta for the FTC fine and other legal costs, which the plaintiffs estimate total more than $8 billion. In court filings, the defendants described the allegations as "extreme" and said the evidence at trial will show Facebook hired an outside consulting firm to ensure compliance with the FTC agreement and that Facebook was a victim of Cambridge Analytica's deceit. In addition to privacy claims at the heart of the Meta case, plaintiffs allege that Zuckerberg anticipated that the Cambridge Analytica scandal would send the company's stock lower and sold his Facebook shares as a result, pocketing at least $1 billion. Defendants said evidence will show that Zuckerberg did not trade on inside information and that he used a stock-trading plan that removes his control over sales and is designed to guard against insider trading. The plaintiff attorneys also contend that Sandberg and Zients used personal email accounts to communicate about key issues relating to the suit, and didn't turn off the auto-delete function, despite being told to preserve their records. McCormick is expected to rule on liability and damages months after the trial concludes. What has happened elsewhere? Given Facebook's global reach, the scandal spawned various types of litigation around the world. Canadian class-action lawsuits stemming from the Cambridge Analytica breach were rejected in a number of provincial jurisdictions. In addition, a Federal Court judge in 2023 dismissed the federal privacy watchdog's bid for a declaration that Facebook broke the the Personal Information Protection and Electronic Documents Act, known as PIPEDA. The judge agreed with Facebook's argument that once a user authorizes it to disclose information to an app, the social media company's safeguarding duties under PIPEDA come to an end. In the U.K., Facebook was fined the maximum £500,000 ($921,000 Cdn) for breaches of its data protection laws. Meta late last year settled for $50 million Australian ($44 million Cdn) on a "no admission basis," after the Office of the Australian Information Commissioner alleged the country's privacy laws were breached. What was Cambridge Analytica's political impact? While the Democrats pounced on the revelations in 2018, its political impact was downplayed by many experts. A Nature magazine investigation assessed that "evidence of Cambridge Analytica's independent impact on voter behaviour is basically nonexistent" and that "there is also no evidence that Cambridge Analytica in fact deployed psychographic models while working for the Trump campaign." An expert from Tufts University in Massachusetts, in U.S. Senate testimony, said that it was likely many Facebook users were mistargeted, likening the approach to broad-based robocalls. "No evidence has been produced publicly about the firm's profiling or targeting to suggest that its efforts were effective," said Eitan Hersh of Tufts, author of the book Hacking the Electorate: How Campaigns Perceive Voters. Bringing up the Cruz loss to Trump, the British blog Little Atoms was more trenchant, stating that "Cambridge Analytica's flashy data science team got beaten by a dude with a thousand-dollar website."
Hamilton Spectator
an hour ago
- Hamilton Spectator
Canada to target steel originating from China with new tariffs
OTTAWA - Steel originating in China will be subjected to higher tariffs to try and prevent steel dumping amid U.S. President Donald Trump's ongoing global trade war, Prime Minister Mark Carney said Wednesday. The prime minister toured a steel manufacturing company in Hamilton before announcing a suite of measures to protect the Canadian steel industry. Those include a new 25 per cent tariff on all steel products that contain metal melted and poured in China by the end of the month. Canada will also impose import quotas based on how much steel was imported from each country in 2024, with countries that don't have a free-trade agreement with Canada already in place impacted more than those that do. Imports that exceed these quotas will be charged a 50 per cent tariff rate. Carney said Canada's steel industry will be among the most impacted by the ongoing global rearrangement of markets because it is one of the most open in the world for steel and the industry must be protected. 'Imports supply almost two-thirds of current Canadian consumption of steel, compared to less than one-third for the United States and less than one-sixth for the European Union,' Carney said. 'Over time, we've become too dependent on the United States as our biggest customer with more than 90 per cent of our steel exports going south of the border,' he added. The prime minister said Canada must rely more on 'Canadian steel, for Canadian projects.' Carney says there are no immediate changes to U.S. counter tariffs as Canada continues to seek a new economic deal with Trump by Aug. 1. Other supports for the steel sector include $70 million to provide employment insurance and retraining for up to 10,000 steelworkers, prioritizing Canadian steel in public projects and making it easier for steel companies to get low interest financing through the Large Enterprise Tariff Loan program. This report by The Canadian Press was first published July 16, 2025.
