Las Vegas Sands aims to sell shopping mall at Singapore casino in 2 or 3 years
Las Vegas Sands president and chief operating officer Michael Leven told the Business Times that the company expects to achieve return on investment within the next four to five years from its Singapore casino complex. "We did over a billion dollars in our first year in EBITDA. We expect that to grow. I think a four-to-five year payback in that situation, anybody would be happy with that return on investment," Leven said.
"We should do that very easily without even selling an asset like our mall, which we expect to sell maybe in 2013 or 2014, which can provide as much as us$ 4 billion back for our us$ 6 billion investment just on the mall alone," he added.
EBITDA is earnings before interest, tax, depreciation and amortisation.
Marina Bay Sands, the world's second-most expensive casino resort after MGM's CityCenter in Las Vegas, held its official opening in February and company officials said at the time that it had already attracted 11 million visitors.
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