• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Wednesday 30 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Genting reveals US$650,000 daily EBITDA at Resorts World Las Vegas during first week of operation

Ben Blaschke by Ben Blaschke
Sun 29 Aug 2021 at 07:22
Viva Las Vegas
776
SHARES
19.4k
VIEWS
Print Friendly, PDF & Email

Genting Berhad’s newly opened US flagship, Resorts World Las Vegas (RWLV), generated revenue of US$14.9 million and EBITDA of US$3.9 million during its first six days of operation in June, according to the company’s 2Q21 financial reports published Friday.

The US$4.3 billion integrated resort became the first brand new casino-resort development on the Las Vegas Strip in more than a decade when it opened to the public on 24 June, offering 3,500 hotel rooms, 40 F&B outlets, substantial retail and MICE space and 117,000 square feet of casino floor.

Despite some delays due to the COVID-19 pandemic, the opening also came at an opportune time with pent-up demand seeing Nevada and the Las Vegas Strip notch all-time record revenues in July.

While Genting Berhad has provided few details of RWLV’s performance since, it did incorporate the six days from 25 to 30 June in its 2Q results with revenue averaging US$2.5 million and EBITDA US$650,000 per day during that period.

Were those volumes to maintain, RWLV would print around US$75 million in revenue and US$20 million in EBITDA per month although analysts believe the property can generate up to US$300 million in EBITDA annually once fully ramped.

Genting said hotel occupancy was 71.2% during that first week with an average daily rate of US$239.

“Additional amenities will be completed and opened in the third and fourth quarters, including The Theatre at Resorts World Las Vegas, Zouk Nightclub and the Spa,” the company said.

For the three months to 30 June 2021, Genting Berhad saw its loss narrowed from MYR1,47 billion in 2Q20 to MYR599 million, with the reopening of its casinos worldwide driving a near three-fold increase in revenues to MYR2.94 billion.

Group-wide EBITDA of MYR958.9 million reversed an EBITDA loss of MYR578.7 million a year earlier.

RelatedPosts

Donaco looks inward as Lee Bug Huy named new CEO

Donaco’s Star Vegas impacted by Thai border closures in June quarter as revenue, profit falls

Wed 30 Jul 2025 at 10:32
Kangwon Land GGR up 3.8% year-on-year on higher VIP play

Korea’s Kangwon Land cites positive impact of recently raised casino betting limits as 2Q25 GGR hits US$260 million  

Wed 30 Jul 2025 at 05:37
Newport World Resorts operator Travellers said to be planning US$300 million IR in Cebu

Travellers could spend up to US$2 billion on expanded IR developments in Boracay and Cebu

Mon 28 Jul 2025 at 16:09
STDM-run casino among five concessions up for grabs in Portugal as government launches tender process

STDM-run casino among five concessions up for grabs in Portugal as government launches tender process

Mon 28 Jul 2025 at 05:54
Load More
Tags: casinoGenting BerhadLas VegasNorth AmericaResorts World Las Vegas
Share310Share54
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

AUSTRAC launches Federal Court action against clubs giant Mounties for alleged serious and systemic non-compliance with AML laws

AUSTRAC launches Federal Court action against clubs giant Mounties for alleged serious and systemic non-compliance with AML laws

by Ben Blaschke
Wed 30 Jul 2025 at 12:55

Australian AML watchdog AUSTRAC has launched Federal Court civil penalty proceedings against one of the country’s largest clubs, Mount Pritchard District and Community Club – better known as Mounties – for alleged serious and systemic non-compliance with the country’s anti-money...

Lloyd Robson talks Aristocrat’s plans for 2025 IAG Exhibition at Manila’s Newport World Resorts

Lloyd Robson talks Aristocrat’s plans for 2025 IAG Exhibition at Manila’s Newport World Resorts

by Newsdesk
Wed 30 Jul 2025 at 10:34

Aristocrat Gaming’s General Manager, Asia, Lloyd Robson, discusses the company’s status as a founder exhibitor for the inaugural IAG Exhibition at Newport World Resorts, Manila, on 9 and 10 September. He explains why Aristocrat sees the IAG Exhibition as a...

Donaco looks inward as Lee Bug Huy named new CEO

Donaco’s Star Vegas impacted by Thai border closures in June quarter as revenue, profit falls

by Ben Blaschke
Wed 30 Jul 2025 at 10:32

The impact of the ongoing border dispute between Thailand and Cambodia caused notable impact on the revenues of Donaco International’s Star Vegas casino, located in the border town of Poipet, Cambodia in the second quarter, the company said Wednesday. Donaco’s...

In the crosshairs

Fitch: No clear near-term recovery path for Philippines integrated resort Okada Manila

by Ben Blaschke
Wed 30 Jul 2025 at 06:08

Ratings agency Fitch has revised down the outlook for Japan’s Universal Entertainment Corp (UEC) from Stable to Negative, pointing to the absence of a clear recovery path for the company’s Philippines integrated resort, Okada Manila. The resort’s operator, Tiger Resort,...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語