Malaysian casino giant Genting makes $4.3bn bet on Las Vegas
Friday 25 de June 2021 / 06:03
2 minutos de lectura
(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
SiGMA Central Europe Awards 2025: BetConstruct Wins Innovative Sportsbook Solution of the Year
(Malta).- BetConstruct has been recognised at the SiGMA Central Europe Awards 2025, receiving the Innovative Sportsbook Solution of the Year award. This achievement highlights the company’s continued focus on elevating retail betting experiences and supporting operators with solutions that create measurable business value.
Wednesday 05 Nov 2025 / 12:00
Roberta Metsola Opens SiGMA Central Europe with a Call for Innovation and Unity: “Europe Is Your Home”
(Rome).- In a powerful keynote that blended optimism with urgency, President of the European Parliament Roberta Metsola officially inaugurated SiGMA’s first-ever Central Europe summit in Rome. Addressing a packed audience of tech and gaming leaders, Metsola emphasized Europe’s role as a global hub for innovation, calling it “a place of the future” and urging the continent to embrace smarter regulation, faster growth, and bold investment in digital industries. Her message: Europe must lead—not follow—in shaping the next era of technology.
Wednesday 05 Nov 2025 / 12:00
Digitain Group Founder Vardges Vardanyan Wins Outstanding Contribution to Gaming Award at SiGMA Central Europe 2025
(Yerevan).- Digitain Group celebrates the recognition of its Founder, Vardges Vardanyan, whose 26 years of visionary leadership and innovation have shaped the future of the global iGaming industry.
Wednesday 05 Nov 2025 / 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.

