The all-suite resort will have gaming facilities, a “‘Skyloop” rooftop and a 15,000-seater arena to attract business travelers and global musical acts.

Since opening in 2010, Marina Bay Sands—which was developed at a cost of $5.6 billion—has been a key growth driver for Las Vegas Sands.

An $8 billion ultra-luxury Las Vegas Sands property in Singapore has executives saying the soon-to-be constructed resort will "redefine industry standards" and expand the regional footprint of the small island nation.