- Resorts World Las Vegas opened up on Thursday evening.
- It is the first major casino opening since the COVID-19 pandemic.
- Las Vegas has seen more than $1 billion in casino revenue monthly.
LAS VEGAS - Las Vegas has seen a marked improvement in terms of revenue in the last few months as the city recovers from the COVID-19 pandemic.
However, a new marker of progress has been achieved by the city - the first post-COVID casino opening.
Resorts World Las Vegas opened on Thursday evening, sitting in the space that the Stardust Resort and Casino used to occupy.
The moment we have all been waiting for…Our doors have officially opened! pic.twitter.com/j1Atvr58xp
— Resorts World Las Vegas (@ResortsWorldLV) June 25, 2021
This is the first major casino opening since the COVID-19 pandemic, and it represents something of the idea that the pandemic is coming to an end in the United States.
Many Las Vegas casinos were allowed to reopen after reaching 80% vaccination rates for employees.
Following this, the Nevada Gaming Control Board removed COVID-19 restrictions from these casinos.
Now, a new casino is opening up, revenue has reached over $1 billion in consecutive months, and Vegas seems primed for a return.
The Genting Group
The casino is owned by the Genting Group, which is a Malaysian multinational corporation with wide-ranging interests.
Resorts World Las Vegas represents a big step for the group in terms of American holdings, but they’re no strangers to the casino business.
The Genting Group operates casinos all over the world. In the United States, they operate the only legal casino within the five boroughs of New York, Resorts World New York City.
The Group operates dozens of casinos in the United Kingdom, multiple casinos in Malaysia, and has resort holdings in Singapore and Hong Kong as well, with several casinos in Singapore and several cruise lines in Hong Kong.
Their vast casino holdings in the United Kingdom could paint a picture of their vision for the U.S. market.
With their holdings in New York and Las Vegas open for business, they are also looking at opening a casino in Miami.
Resorts World Miami has been in the works for over a decade and could end up becoming Miami’s first full-service casino.
While this opening represents recovery for Las Vegas, it also represents an opportunity for the Genting Group to gain more of a foothold in American markets.