Genting Berhad says it is focused on improving margins at its US flagship Resorts World Las Vegas (RWLV) following another disappointing quarter that saw revenue decline and EBITDA plummet in the three months to 31 December 2024.
The property generated revenue of US$190 million in Q4 – up from US$177 million in the September quarter but down from US$241 million a year earlier – while EBITDA was barely breakeven at a little over US$1 million. That compared to EBITDA of US$16.2 million in Q3 and US$58.2 million in 4Q23.
In commentary accompanying its results announcement, Genting said it “remains focused on improving margins [at RWLV] through strategic growth and operational efficiencies.
