Malaysian casino giant Genting makes $4.3bn bet on Las Vegas
Friday 25 de June 2021 / 06:03
⏱ 2 min read
(Las Vegas).- Resorts World Las Vegas is the most expensive resort ever developed in Las Vegas. Las Vegas saw visitor numbers slump by more than 50% last year as casinos were forced to close their doors for three months due to coronavirus restrictions.
Tourists are now returning but numbers remain well below 2019 levels.
Covering almost 88 acres, the new resort has 3,500 hotel rooms and suites, a 5,000-seat theatre and one of the world's biggest LED screens on one of its towers. It is the biggest new property on the city's famous Strip in over a decade.
Genting has partnered with US hospitality giant Hilton Worldwide, which has three hotels in the resort. It is hoped that the new attraction will prove to be a major boost for Las Vegas, which was hit hard by measures to slow the spread of Covid-19 last year.
The city saw visitor numbers jump over 15% between March and April this year but those numbers are still more than 27% lower than the same period in 2019, the Las Vegas Convention and Visitors Authority said.
The move also comes as many big casino operators focus on Asia. Las Vegas was overtaken by Macau as the world's biggest gambling centre in 2007.
Like Las Vegas, the so-called 'Monte Carlo of the East' was hit hard by the pandemic last year but attracted almost 40m visitors in 2019, predominantly from mainland China and Hong Kong.
Genting Group is also currently hoping to develop a major resort in Japan's Yokohama City, with its Singapore unit leading a bid by a consortium of major Japanese companies.
The company, which is headquartered in Kuala Lumpur, Malaysia, has operations around the world, including China, the US, India and the UK.
Resorts World Las Vegas delays
Genting bought the site in 2013 after a failed project by a previous owner but delayed the opening of the new resort several times due to design changes and other issues.
Its original plan was aimed to attract Asian gamblers, with a resort known in Chinese as 'Genting's World of China', featuring a live panda habitat and a replica of the Great Wall.
Those plans were scrapped for a less heavily themed approach, which will now include the kind of luxury features found at other resorts on the Strip.
Some Asian elements remain in the finished resort though - notably there are no fourth floors in the hotels because four is seen as an unlucky number in many Asian cultures.
Categoría:Casino
Tags: Sin tags
País: United States
Event
GAT EXPO CARTAGENA 2026
24 de March 2026
GAT Expo Cartagena 2026 came to an end after a resounding success
(Cartagena de Indias).- With this closing, GAT Events continues its remarkable 2026 circuit with upcoming stops in Mexico City, São Paulo, San Juan, Bogotá and Santo Domingo, consolidating its presence as a B2B platform for the development of the legal gaming business in Latin America and the Caribbean.
Friday 27 Mar 2026 / 12:00
Latin American Regulators Unite to Tackle Illegal Gambling and Highlight Risks for Minors
(Cartagena de Indias, SoloAzar Exclusive).- At GAT Expo Cartagena 2026, Jesús Mariano Acevedo, President of LOTBA (Buenos Aires City Lottery), took part in the regulators’ panel where he analyzed online gaming challenges, the rise of illegal gambling, and the need for a joint strategy between the public and private sectors in the region.
Friday 27 Mar 2026 / 12:00
Nevada’s Regulatory Model Offers Key Lessons for Latin America at GAT Expo Cartagena 2026
(Cartagena de Indias, SoloAzar Exclusive).- During GAT Expo Cartagena 2026, SoloAzar provided exclusive on-site coverage of the international conference “Lessons from Nevada’s Regulatory Model for Latin America,” where Brian Krolicki, Vice Chairman of the Nevada Gaming Commission, delivered a comprehensive overview of regulatory best practices, emphasizing that “strong regulation is not the enemy of a successful gaming industry—it is the foundation that makes long-term growth possible.”
Thursday 26 Mar 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
