Las Vegas Sands Bets on Asia’s Young Rich in Singapore Expansion

Las Vegas Sands Corp. is targeting Southeast Asia’s young and wealthy as it kicks off an ambitious $8 billion expansion of its luxury resort in Singapore that’s core to the casino operator’s future growth plans.

“As those younger people create wealth for themselves, they want experiences that allow them the benefits of their success,” President and incoming Chief Executive Officer Patrick Dumont said during an interview Tuesday. Customers who visit the Marina Bay Sands complex on business trips often then return with their families for a holiday, he said.