Increase in VIP business contributions boosts Resorts World Las Vegas's Q2 earnings to $180 million
Resorts World Las Vegas Reports Q225 Revenue Increase Amidst Industry Challenges
Resorts World Las Vegas, the U.S. flagship of Malaysian gaming giant Genting Berhad, has reported an 8% increase in revenues to $180 million in the second quarter of 2025. This positive growth comes amidst a challenging environment for the gaming industry, with lower visitation and macroeconomic uncertainty affecting overall visitation volume in Las Vegas.
The CEO and President of Resorts World Las Vegas during this period was Bill Hornbuckle, while Corey Sanders served as MGM Resorts' COO until his retirement at the end of 2025. Carlos Castro was appointed as COO and CFO of Resorts World Las Vegas in 2025.
The improved revenues at Resorts World Las Vegas can be attributed to the reestablishment of its VIP gaming segment and an improved hold. However, it's important to note that the VIP gaming segment at Resorts World Las Vegas did not contribute to the decreases in revenue and EBITDA experienced by Genting Berhad as a whole during the same period.
In contrast, Genting reported a 18% decrease in revenue and a 64% decrease in EBITDA in Q225 compared to Q224. The decreases are attributed to lower visitation and macroeconomic uncertainty affecting overall visitation volume in Las Vegas.
Despite these industry-wide challenges, Resorts World Las Vegas's EBITDA increased by 80% to $18 million in Q225. The Average Daily Rate (ADR) for the casino during this period was $265, an increase from $257 in Q224. However, hotel occupancy for Resorts World Las Vegas in Q225 was 80.2%, a decrease from 89.4% in the same quarter the previous year.
The data provided is for revenues and EBITDA only, not for other financial metrics. The source of the information is Ben Blaschke, Inside Asian Gaming. It's important to note that the data provided is for Resorts World Las Vegas, not for Genting Berhad as a whole.
Resorts World Las Vegas, a commercial casino located in Las Vegas, has shown resilience in the face of industry challenges, posting an 8% increase in revenues and an 80% increase in EBITDA in Q225. Despite the overall downturn in the gaming industry, the reestablishment of the VIP gaming segment and improved hold have contributed to these positive results.
Read also:
- visionary women of WearCheck spearheading technological advancements and catalyzing transformations
- Recognition of Exceptional Patient Care: Top Staff Honored by Medical Center Board
- A continuous command instructing an entity to halts all actions, repeated numerous times.
- Oxidative Stress in Sperm Abnormalities: Impact of Reactive Oxygen Species (ROS) on Sperm Harm
