Sands Singapore to beat expectations, says Adelson

Las Vegas Sands chairman Sheldon Adelson has estimated annual earnings for the upcoming Marina Bay Sands to be over a billion dollars.

Set to open in April 2010, the casino resort has been forecasted by analysts to earn within the $400 million to $800 million range. However, during a news conference on 21 December 2009, Adelson said: "We think earnings before interest, tax, depreciation and amortization will be in excess of a billion," as reported by Bloomberg.

The chairman has previously said that contributory to meeting the resort’s earnings targets would be visitors from Malaysia, India, Thailand, Indonesia, and other Asian countries three to five hours away from Singapore.

Adelson added the return on investment capital at Sands' Singapore property has a potential of reaching up to 20 percent, and 90 percent is the peg for hotel room occupancy. "Singapore is a very important development for us," he said.