Genting Berhad’s US flagship Resorts World Las Vegas (RWLV) made some small strides in the three months to 30 June 2026, with revenue rising by 1% year-on-year to US$181 million and EBITDA climbing 33% to US$24 million.
The result was, however, down from the March quarter with revenue falling 13% and EBITDA considerably lower than the US$50 million reported in Q1.
In its 2Q26 earnings report, parent company Genting Bhd noted that RWLV’s revenue and EBITDA benefitted from increased conventions attendance, with hotel occupancy of 88.0% improved from 80.2% a year earlier and Average Daily Rate of US$274 respectively improved from US$265. It also pointed to an increased volume of high-end casino play.
According to Genting Bhd, “RWLV expects convention booking trends to remain robust due to its close proximity to the Las Vegas Convention Center and established convention business.
“RWLV expects gaming results to continue to improve as it continues to grow high-end hosted casino play and resort marketing initiatives to attract high-value guests. On the non-gaming side, RWLV is working to develop distinctive brand experiences and right-size value proposition to maximise margin and align with guest expectations. The property will continue to leverage its enhanced hotel system to extend its reach to customers and implement tailored casino offerings to drive repeat visitation.
“RWLV remains focused on improving margins through refining productivity and optimising the fixed cost structure, which includes evaluating business hours of operation and right-size workforce across all areas to meet guest demands. RWLV is also evaluating new opportunities to invest in new dining concepts and performances at the Resorts World Theatre.”
For the June 2026 quarter, Genting Bhd – which counts Genting Malaysia and Genting Singapore among its core subsidiaries – reported a 14% year-on-year increase in revenue to MYR7.75 billion (US$1.92 billion), aided by the opening of full casino operations at Resorts World New York City (RWNYC) in April. RWNYC operates under Genting Malaysia.
Group-wide Adjusted EBITDA grew by 2% year-on-year to MYR2.12 billion (US$524 million) while profit fell by 71% to MYR197.6 million (US$48,8 million) due to depreciation and interest costs.
