Genting Berhad’s US flagship, Resorts World Las Vegas, suffered another depressed quarter in 3Q25, with revenue declining 1% year-on-year and 3% quarter-on-quarter to $175 million. The property also fell to an EBITDA loss of $12 million compared with a gain of $16 million a year earlier.
In a note, Nomura analysts stated that the sub-par earnings were likely due to “ongoing business recalibration and management/policy changes”
Genting said that its 3Q25 results at RWLV were impacted by lower visitation and macroeconomic uncertainty which affected overall visitation volume across Las Vegas. As a result, hotel occupancy fell from 85.1% a year earlier to 83.8% and Average Daily Rate from $244 to $242.
