The recently overhauled management team at Genting’s Las Vegas flagship Resorts World Las Vegas will need to reassess their appetite for risk after the property again reported disappointing results for the three months to 31 March 2025, according to Nomura analysts.
The commentary follows the establishment late last year of a Board of Directors led by former MGM Resorts CEO Jim Murren and the appointment of a new management team now headed by Carlos Castro. Those changes were Genting’s response to a complaint by the Nevada Gaming Control Board for alleged compliance failures including allowing individuals with suspected or proven ties to illegal activities to gamble on property.
