Resorts World Las Vegas reported another down quarter as revenue fell slightly over the summer, according to public filings by its parent company, Genting Berhad.
Year-over-year revenue fell roughly 1 percent to $175 million in the third quarter, based on analysts’ estimates of Genting’s latest financial results. The North Strip casino also posted an estimated EBITDA (earnings before interest, taxes, depreciation and amortization) loss of nearly $12 million, compared to a profit of $16 million in the third quarter of 2024.
Genting Berhad reports its US casino operations as a combined segment, which includes Resorts World Las Vegas, Resorts World New York City and Resorts World Bimini. The Malaysia-based company does not provide property-level financial data for RWLV. The Las Vegas-specific numbers cited by gaming industry analysts are derived from management commentary and segment estimates.
Genting attributed RWLV’s soft quarter to lower attendance in Las Vegas and “macroeconomic uncertainty.”
Hotel occupancy during the quarter fell from 85.1 percent last year to 83.8 percent in 2025, while average daily room rates (ADR) fell slightly from $244 to $242. Year-to-date, hotel occupancy and ADR were 82.1 percent and $260, respectively, compared to 87.9 percent and $267 in the first nine months of 2024.
Despite the slowdown, Genting said it remains optimistic about RWLV’s prospects heading into 2026. The company expects RWLV to benefit from a stronger convention calendar next year as the Las Vegas Convention Center completes the final phase of its major expansion, bringing more large-scale events to the resort corridor.
Genting also cited improved high-end gaming, increased table volumes and ongoing efforts to rebuild its VIP program after regulatory setbacks.
RWLV is also rolling out a new hotel system that gives the property more control over guest data and real-time offers, which Genting says will improve margins and help drive repeat visits.
“Combined with investment in an upgraded casino offer management system, RWLV will provide a stronger customer mix via casino, conferences and direct bookings,” Genting said in a press release.
The NY panel supports casino licenses for three operators with a Las Vegas tie
New York moved one step closer to approving three Dutch casino licenses Monday, and each of the finalists has a direct connection to the Las Vegas market.
The New York Gaming Facility Location Board recommended Class III gaming licenses for Hard Rock International’s bid in Queens, Resorts World New York City’s plan to upgrade its racino and Bally’s proposal for a casino in the Bronx.
Hard Rock and billionaire Steve Cohen are proposing an $8.1 billion resort and entertainment district next to Citi Field in Queens. Resorts World aims to convert its longtime video lottery property at Aqueduct Racetrack into a full-scale casino with table games, a hotel expansion and additional amenities. Rhode Island-based Bally’s Corp. is seeking to build a casino complex on a Bronx golf course formerly owned by Trump Entertainment that would net the president’s namesake company nearly $115 million.
New York Gov. Kathy Hochul said the trio of projects would generate billions in funding for the Metropolitan Transportation Authority and create tens of thousands of jobs. Opponents, however, argued that such promises rarely materialize and warned that casinos could disproportionately affect immigrant and working-class neighborhoods.
The recommendations follow recent site inspections by state regulators, and the New York State Gaming Commission is expected to vote on the licenses at the end of the month. Bally’s estimates that its Bronx project would generate nearly $400 million in annual tax revenue and support about 4,000 permanent jobs, while Hard Rock’s Queens proposal and Resorts World’s Aqueduct expansion each project more than $1 billion a year in tax revenue, along with several thousand permanent jobs.
If approved, the licenses would cap a process that dates back to 2013, when New York voters approved up to seven commercial casinos, three of which are reserved for the New York City area.
Macau casino revenue jumps in November, approaching pre-pandemic levels
Macau casino revenue rose 14 percent year-on-year in November to nearly $2.62 billion, according to the Macau Gaming Inspection and Coordination Bureau. This marks the market’s strongest post-pandemic recovery to date, reaching 92 percent of revenues recorded in November 2019.
The increase beat expectations, as many analysts had predicted slower growth in the low double digits. November’s results also appeared unaffected by the Macau Grand Prix, a high-profile event that can sometimes disrupt VIP gaming and travel in the city.
Compared to October, total revenue was down 12 percent, in line with seasonal trends. November is traditionally a gap month for Macau, and this year’s results followed that pattern. Revenues from mass-market players, including slots and lower-stakes table games, performed particularly well, while high-end VIP games improved year-on-year but are still below pre-pandemic peaks.
Looking ahead, analysts expect December to continue the strong trend, with revenue likely up into the mid-teens compared to last year. The month benefits from an easier comparison, as last December was affected by restrictions during a visit by Chinese President Xi Jinping.
For the full year, Macau’s casino revenue is expected to increase by around 9 percent compared to 2024, reflecting a steady recovery since the territory reopened to travelers and eased pandemic-era restrictions.
Show Me State launches sports betting
Missouri officially launched legal sports betting on Monday, opening the doors to residents and visitors to bet on professional and college sports at licensed sportsbooks and mobile apps.
The rollout follows more than a year of preparation, including voter approval in November 2024, regulatory developments by the Missouri Gaming Commission and a pre-registration period for early players.
The first legal bets were accepted at 12:01, marking the start of a new era for the Show Me States gaming market.
From day one, players in Missouri will have access to a mix of national and local carriers. The lineup includes Circa Sports, the only Las Vegas-based sportsbook entering the market, along with DraftKings, FanDuel, BetMGM, Caesars, bet365 and Fanatics.
Missouri becomes the 39th state in the US to legalize sports betting. The launch provides regulated, legal options for consumers, along with protections that offshore or unlicensed platforms cannot offer.
All sportsbooks in Missouri must comply with state regulations. Only individuals 21 years of age or older may place bets, and wagering is permitted on professional leagues, major college sports and live in-game events.
Contact David Danzis at ddanzis@ theplayerlounge.com or 702-383-0378. Follow @AC2Vegas_Danzis on X.
