Singapore is not treating this as a zero sum cage match between 2 competing properties. Instead the Singapore government is deliberately curating a massive structural tourism expansion to scale the country's global market share.
The eye watering USD 8 billion Marina Bay Sands or MBS expansion paired with Genting SGD 6.8 billion RWS 2.0 blueprint is designed to grow the total addressable market of luxury, VIP and high yield event visitors to Singapore.
When Singapore introduces the infrastructure to capture massive global music tours, world class exhibitions and high networth individuals, both companies win.
I am excited at this transformation to pivot Singapore from a standard weekend stopover to the undisputed luxury and entertainment capital of the world.
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