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Tag: Marina Bay Sands

  • Sands retail profits soar

    Sands retail profits soar

    Macao’s gambling downturn may be impacting on casino operators’ bottom lines – but retailing is on the rise.

    Las Vegas Sands, which owns The Venetian Macao, Four Seasons Macao and Sands Cotai Central shopping malls in Macau – and the Marina Bay Sands in Singapore – has reported an 18.2 per cent lift in profits from its Asian retail operations year on year for the quarter to June 30.

    Gross revenue from tenants in the company’s malls on the Cotai Strip and at Marina Bay Sands, reached US$134.4 million for the second quarter of 2015, an increase of 13.6 per cent compared to the second quarter of 2014.

    “Operating profit derived from these retail mall assets increased 18.2 per cent for the quarter compared to the quarter one year ago, reaching $119.4 million,” the company said in its quarterly financial statements filed in the US.

    The company says that despite the softer gaming market in Macao, The Venetian Macao “continued to enjoy Macao market-leading visitation and financial performance”.

    “The property generated adjusted property EBITDA of $255 million in the second quarter with an EBITDA margin of 34.5 per cent.”

    Mall revenues of The Shoppes at the Venetian Macao increased 14.9 per cent during the quarter to reach $48.5 million.

    The Shoppes at Four Seasons – 100 per cent leased at the end of the quarter – brought in $31.1 million in gross revenue and turned an operating profit of $29.2 million, giving an operating profit margin of 93.9 per cent.

    The Shoppes at Cotai Central brought in $14.6 million and a profit of $12.6 million. That mall was 97.8 per cent leased.

    And in Singapore, The Shoppes at Marina Bay Sands, 93.6 per cent leased at period end, brought in $40.4 million of revenue for the quarter and a profit of $34.5 million, for an operating profit margin of 85.4 per cent.

    Tenant sales per square foot were $5589 in the luxury section of the Four Seasons property, $2646 in the non luxury section; at the Venetian Macao $1578, at Cotai Central $1004. Marina Bay, by comparison, reached $1393.

    The overall Asian retail operation achieved $1789 per square foot in the quarter to June 30.

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  • Take Flight at Sky on 57

    Take Flight at Sky on 57

    A brand new entertainment venue has opened in Singapore: Flight at Sky on 57  a new lounge experience atop Marina Bay Sands.

    The integrated resort has transformed its outdoor terraces into a “contemporary lounge experience” called Flight, making the most of the million-dollar views at the Sands Skypark restaurant and the culinary artistry of Chef Justin Quek.

    Now the lounge also offers a unique bar program by award-winning mixologist Lucas Swallows.

    Sky on 57 is one of a collection of celebrity chef restaurants in the Marina Bay Sands complex, most of which are assembled in the Shoppes at Marina Bay Sands retail mall closer to the ground.

    The lounge describes the new venue as “sophisticated and playfully provocative”.

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  • Marina Bay Sands delivers Scoops of Hope

    Marina Bay Sands delivers Scoops of Hope

    Marina Bay Sands’ family of celebrity chef restaurants have joined hands to craft exclusive gelato flavours for Scoops of Hope, a new addition to this year’s Sands for Singapore Charity Festival.

    From 31 July to 9 August, the public can savour eight delectable flavours at the Scoops of Hope pop-up gelato station at Marina Bay Sands, while giving back to the community at the same time. All proceeds will go towards The Straits Times School Pocket Money Fund, which lends a hand to children from low-income families.

    Marina Bay Sands CEO and president George Tanasijevich, said, as home to nine outstanding celebrity chef restaurants, Marina Bay Sands’ Scoops of Hope project is an excellent way to harness its combined culinary talent to benefit the less privileged.

    “We invite the public to join us in this.”

    The gelato flavours also play a special tribute to Singapore during this national celebratory period. Cut by Wolfgang Puck is contributing Gula Melaka gelato, an ingredient commonly used in local traditional desserts. Adrift by David Myers is creating Masala Teh Tarik gelato, a spin on the popular milk tea beverage. Waku Ghin by Tetsuya Wakuda will be rolling out Coconut with White Miso gelato, reminiscent of the famous local dessert Chendol, a personal favourite of Chef Tetsuya.

    A special flavour has also been created to commemorate the 170th anniversary of The Straits Times, Singapore’s oldest English-language daily. Created by executive chef of Marina Bay Sands, Christopher Christie, the multi-colour ST gelato comprises creamy White Chocolate with Raspberry, topped with crunchy Blue Sprinkles, incorporating the corporate colours of the newspaper as it crosses its milestone this month.

    Already, the first 170 scoops of the ST gelato have been bought by a private donor of the The Straits Times School Pocket Money Fund, which is also celebrating its 15th anniversary this year. The scoops of gelato will be redeemed by beneficiaries and their accompanying caregivers from 31 July. Another corporate donor of ST School Pocket Money Fund – Ascendas Funds Management (S) Limited – has also donated S$50,000, in support of the Scoops of Hope initiative.

    The Straits Times School Pocket Money Fund is a community project initiated by The Straits Times to provide pocket money to children from low-income families to help them through school. The Fund supports over 10,000 children and youth each year. Since the project started in 2000, the Fund has disbursed close to $42 million and helped over 128,000 cases of children and youth in providing them with monthly school pocket money.

    The Scoops of Hope project is also made possible with support from Carpigiani Gelato University and Allied Foodservice Equipment Pte Ltd. Carpigiani Gelato University, which has a mission to develop the art and science of gelato production, offered expertise and training in gelato making, while Allied provided the requisite equipment.

    From 31 July, gelato lovers can visit the pop-up store at The Shoppes Canal Level, B2 (Opposite Cold Storage) from 11am to 9pm. The gelato is priced at S$4.50 for a single scoop, S$8 for a double scoop and S$12 for a triple scoop.

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  • Gordon Ramsay opens Marina Bay Sands eatery

    Gordon Ramsay opens Marina Bay Sands eatery

    TV superstar chef Gordon Ramsay has opened a brand new eatery at Singapore’s Marina Bay Sands complicated.

    Bread Road Kitchen restaurant and bar gives basic British European fare in a energetic and bustling area dealing with the spectacular waterfront.

    Situated on the south promenade of The Shoppes at Marina Bay Sands, the restaurant options an in depth menu that showcases British favourites reinvented by the multi-Michelin starred chef on the model’s London flagship.

    Ramsay stated he’s excited to open in Singapore as a result of its individuals are so enthusiastic about meals.

    “Bread Road Kitchen is a mixture of classic and trendy with an ever-changing menu, dishes impressed by native elements, and a lovely view of the waterfront and metropolis skyline.”

    Ramsay’s eatery joins 9 different movie star chef eating places in Marina Bay Sands: Adrift by David Myers, CUT by Wolfgang Puck, db Bistro & Oyster Bar by Daniel Boulud, Lengthy Chim by David Thompson, Osteria and Pizzeria Mozza by Mario Batali, Sky on 57 by Justin Quek, Spago by Wolfgang Puck (upcoming) and Waku Ghin by Tetsuya Wakuda.

    Designed by Wilson Associates’ Blueplate Studios, the two-storey restaurant and bar stays true to the model’s East London industrial roots. Nevertheless, the design group reinvented sure model parts to create a definite sense of place, beginning with the flooring and ceilings. The black and white tiled flooring are reworked into abstracted geometric patterns that add “a unusual playfulness” to the venue and assist distinguish the totally different eating environments. The ceilings on the bottom degree – resembling a woven orange checkered board – deliver heat and dimension to the glass enclosure.

    To additional obtain the eclectic industrial vibe, the furnishings, finishes and fixtures are a mixture of classic and trendy influences. Uncovered pipework, wire mesh, black mirrors, and vintage-inspired lighting and equipment complement the tufted banquets and dark-stained timber. Black and white photographs of St. Paul’s Cathedral hold on the wall, alluding to the situation of “Bread Road” inside the previous Metropolis of London. Additionally they improve the sense of nostalgia that makes the Bread Road Kitchen expertise novel, but acquainted.

    The primary entrance of the restaurant is a collaged walkway of genuine Singaporean manholes. These manholes are a playful reference to the precise ‘road’ in Bread Road Kitchen. To the left of the walkway sits the venue’s focus: the bar. The bar is a tribute to the mezzanine wine cellar within the London location. It’s a brasserie-industrial fusion comprised of native suar wooden and expanded mesh that’s bathed in subtle mild.

    The general design really feel is an eclectic industrial assortment of marble, bronze, combined timbers, and leather-based that creates an intimate, bespoke eating expertise for quite a lot of friends.

    Bread Road Kitchen’s signature dishes embrace Pork Stomach, Shepherd’s Pie and Roasted Veal Carpaccio, in addition to the BSK Burger, with melted Monterey Jack cheese and spicy sriracha mayo in a brioche bun.

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  • Diane von Furstenberg Singapore’s new store

    Diane von Furstenberg Singapore’s new store

    The Shoppes at Marina Bay Sands is home to Diane von Furstenberg Singapore’s newest store.

    Securing the famous luxury lifestyle brand, founded by Diane in 1970, adds to The Shoppes’ reputation as Singapore’s leading luxury shopping destination.

    Diane von Furstenberg will offer a full collection of ready-to-wear and accessories including handbags, shoes, small leather goods, scarves and jewellery at the new store, including exclusive items not available in its other two boutiques in the city.

    “The Shoppes at Marina Bay Sands is such a vibrant, landmark luxury shopping destination,it is the perfect place for us to expand our presence in Singapore,” said von Furstenberg.

    The new store, which spans 1300 sqft, is located at B2-18, Canal Level.

    The first Shoppes-exclusive item is a DVF Brookes Parka is a leopard green paper habotai hooded parka lined with a detachable and reversible leopard printed lamb fur (Priced at S$7,460).

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  • Accolade for Shoppes at Marina Bay Sands

    Accolade for Shoppes at Marina Bay Sands

    The Shoppes at Marina Bay Sands has gained the RLI Purchasing Centre Renovation 2015 title in The International RLI Awards 2015 held in Dubai, UAE.

    The Shoppes gained the award forward of worldwide contenders the Armada Purchasing Centre in Turkey, CapitaMall Jinniu in Chengdu, China, and the Victoria Place Buying Centre within the UK.

    John Postle, VP of retail with Marina Bay Sands stated: “We’re honoured to as soon as once more be recognised by RLI for our efforts to reinvent and redefine the last word luxurious buying expertise for our international guests. The constructive momentum we have now witnessed because of a three-year lengthy strategic retail re-mix technique reinforces our imaginative and prescient to ship a world-class product unmatched by some other purchasing locations within the area.”

    Postle thanked retail companions and clients for contributing to The Shoppes’ success.

    “We’re assured of taking our product and repair high quality to the subsequent degree with many extra thrilling openings and signature occasions to return.”

    Organized by Retail & Leisure Worldwide (RLI) journal, The International RLI Awards recognise and reward probably the most revolutionary and imaginative retail and leisure ideas worldwide. The judging panel consists of world business leaders in retail, leisure, improvement and design, representing the very best requirements in at this time’s retail area.

    The Shoppes gained its first international accolade – the RLI Worldwide Buying Centre 2012 – awarded by the RLI again in 2012. It was additionally awarded Greatest Buying Expertise on the Singapore Expertise Awards 2014 by the Singapore Tourism Board.

    Since opening in 2010, The Shoppes at Marina Bay Sands has grouped the most important assortment of luxurious labels beneath one roof within the area, with greater than 170 luxurious and premium manufacturers, spanning bespoke menswear, ladies’s collections, luxurious youngsters’s labels, in addition to luxurious watch and jewelry manufacturers.