Over at MBS, new developments being planned for include a state-of-the-art 15,000-seat arena, a luxury hotel tower and additional exhibition space. The hotel tower will feature around 1,000 all-suite rooms and a sky roof with a swimming pool and a restaurant. The projected budget for the expansion is approximately $4.5 billion. Architect Moshe Safdie, who designed the original MBS property, is expected to be involved in the design of the new building. Safdie also designed Singapore’s latest architectural icon, Jewel Changi Airport.
The additional $9 billion investment pledged by the two IRs is expected to draw 500,000 more visitors to Singapore and contribute $500 million to the economy each year. This will also directly create up to 5,000 new jobs and more business opportunities for Singapore companies.
Following the opening of the two IRs in 2010, Singapore saw an increase of almost 2 million international visitor arrivals. The new developments to MBS and RWS are expected to draw about 500,000 more international visitors annually, who could contribute around $500 million to Singapore's gross domestic product (GDP).
Both IRs are also allowed to expand their gaming areas – by 2,000 sq m for MBS and 500 sq m for RWS –although they have yet to decide whether to expand their gaming areas. Even if they exercise this option in full, the proportion of total floor areas used for gaming to non-gaming will fall to 2.3 per cent from today's 3 per cent. The casinos contribute around two-thirds of the total revenue for the IRs and make it commercially viable for them to offer the non-gaming facilities as one integrated package.