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Resorts World Las Vegas stands as a prominent fixture on the Las Vegas Strip, drawing visitors with its modern amenities and luxurious offerings. The $4.3 billion resort opened its doors in June 2021, marking a significant addition to the city’s world-famous skyline.

Genting Group, a Malaysian conglomerate with diverse business interests including gaming, hospitality, and entertainment, owns Resorts World Las Vegas. The company, founded by Tan Sri Lim Goh Tong, has a long history of operating resorts and casinos worldwide.

Genting Group’s venture into Las Vegas represents its first foray into the competitive Nevada gaming market. The resort’s development and operation showcase the company’s commitment to expanding its global presence in the hospitality industry.

Meet Resorts World Owners, Genting Group

Genting Group Profile

Genting Group is a Malaysian multinational corporation founded in 1965. The company has extensive experience in the hospitality and gaming industries, operating resorts and casinos worldwide. Genting’s portfolio includes properties in Malaysia, Singapore, the United Kingdom, and the United States.

The group’s expansion into Las Vegas represents a strategic move to establish a presence in one of the world’s most famous gaming destinations. Genting’s global expertise and financial resources have been crucial in developing Resorts World Las Vegas into a premier luxury resort.

Ownership Structure

Resorts World Las Vegas is a wholly-owned subsidiary of Genting Group. The $4.3 billion investment makes it the most expensive resort property ever developed in Las Vegas. This significant financial commitment underscores Genting’s long-term vision for the property and its confidence in the Las Vegas market.

The resort operates under the Resorts World brand, which is well-established in other international locations. This branding aligns the Las Vegas property with Genting’s global network of resorts and casinos.

Strategic Partnerships and Agreements

Genting has formed key partnerships to enhance Resorts World Las Vegas’s offerings. A notable collaboration is with Hilton Hotels & Resorts, which operates three distinct hotel brands within the resort:

  • Las Vegas Hilton at Resorts World (1,678 rooms)
  • Conrad Las Vegas at Resorts World (1,496 rooms)
  • Crockfords Las Vegas (332 rooms)

This multi-brand approach caters to different market segments, from luxury to premium travelers. Additionally, Genting has partnered with Zouk Group to manage several entertainment venues within the resort, bringing popular nightlife concepts to Las Vegas.

Who Owns Resorts World Las Vegas?
Strip View Deluxe Room at Hilton, Resorts World. Credit: Resorts World

Development and Operations

Resorts World Las Vegas underwent a complex journey from conception to realization, involving significant financial investments and strategic planning. The project faced several challenges but ultimately emerged as a landmark destination on the Las Vegas Strip.

Construction and Financing

Construction of Resorts World Las Vegas began in late 2017, following years of planning and redesigns. The project incorporated some existing structures from the previous Echelon Place development, including foundations and an unfinished parking garage. Genting Group, the owner, invested $4.3 billion, making it the most expensive resort ever developed in Las Vegas.

The 59-story tower was topped off in August 2019, marking a significant milestone in the construction process. Over 1,000 workers were involved in various aspects of the build, including steel, concrete, and glasswork.

Multiple sources provided financing for the project. A quarter of the funds were raised through the EB-5 program, which allows foreign investors to obtain U.S. visas in exchange for substantial investments in American businesses.

Operational Management

Genting Group operates Resorts World Las Vegas as part of its global Resorts World brand. The property features 3,506 rooms across three Hilton-branded hotels: Las Vegas Hilton at Resorts World, Conrad Las Vegas at Resorts World, and Crockfords Las Vegas.

The resort’s 117,000-square-foot casino forms a central part of its operations. Additionally, Resorts World Las Vegas manages various entertainment venues, including the 5,000-seat Resorts World Theatre, which boasts one of the largest stages on the Strip.

Management also oversees a 70,000-square-foot retail center and a five-acre pool complex, catering to diverse guest preferences and experiences.

Expansion and Future Plans

While Resorts World Las Vegas has not publicly detailed specific expansion plans, the initial concept included potential for phased development over several years. The original design allowed for multiple hotel towers at full buildout, suggesting room for future growth.

The resort’s strategic location on the northern Las Vegas Strip positions it well for potential expansion. Its connection to the Las Vegas Convention Center Loop, an underground shuttle service, enhances its accessibility and could factor into future development plans.

Resorts World Las Vegas continues to evolve its offerings to attract younger gamblers and stay competitive in the dynamic Las Vegas market. This focus on innovation and adaptability will likely shape its future expansion strategies.

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