So much for luxury shopping.
A recent earnings report revealed that casino revenue at Marina Bay Sands (MBS) plunged 28 percent in the first quarter, while mall revenue decreased 2 percent. Hotel room revenue also slipped, sliding down 0.8 percent even as MBS tried their darnedest to pull in the riches by employing football/fashion star David Beckham as their ambassador.
Las Vegas Sands Corp. — who owns MBS along with casino-hotels in Macau — has reportedly held preliminary talks with prospective buyers of the MBS mall, says Inside Retail Asia.