Enhanced Income for Resorts World Las Vegas in Q2, Propelled by Rebound of Premium Corporate Business, Reports Revenue Of $180 Million
Resorts World Las Vegas Reports Mixed Quarterly Results
Resorts World Las Vegas, the U.S. flagship of Malaysian gaming giant Genting Berhad, has released its financial results for the second quarter of 2025. The casino, located in the heart of Las Vegas, Nevada, reported an 8% increase in revenues to $180 million, a significant improvement compared to the same quarter in 2024. However, the growth in revenues and EBITDA was not solely attributed to the VIP gaming segment, as previously anticipated.
Despite the revenue increase, the EBITDA for Resorts World Las Vegas saw a decrease of 64%, reaching $18 million in the second quarter of 2025. This is a stark contrast to the same quarter in 2024, where EBITDA stood at a higher $50 million. The decreased revenue and EBITDA can be attributed to lower visitation volume across Las Vegas, a trend that has been affecting the city's casinos.
The growth in Average Daily Rate (ADR) at Resorts World Las Vegas was a minor improvement, with the rate increasing from $257 in 2024 to $265 in 2025. Hotel occupancy at the casino also saw a decrease, falling from 89.4% in 2024 to 80.2% in 2025.
The growth in revenues and EBITDA was attributed to improved hold and the reestablishment of Resorts World Las Vegas' VIP gaming segment. However, the casino was impacted by lower visitation and macroeconomic uncertainty in 2025. The intensified competition from other major Strip resorts, which have faced challenges due to declining tourism and changing customer demands, may have contributed to Resorts World Las Vegas' reduced results.
Additionally, Marnell's plans for a new hotel-casino in Henderson, which may indirectly affect Resorts World Las Vegas by competing with M-Resort, could be a factor in the casino's performance.
Despite the challenges, Resorts World Las Vegas remains a significant player in the gaming industry. As the company continues to adapt to the changing landscape, it will be interesting to see how it performs in the coming quarters.
