Resorts World, Las Vegas is a property worth $4.3 billion. It will be owned and operated by a Malaysian company called Genting Berhad. Genting Berhad is very happy with the relaxation of restrictions in Nevada on the eve of the opening of Resorts World.
President of Resorts World, Scott Sibella, said that their team was optimistic from the start about their launch date. But they feel extremely grateful to be starting operations at a time when Las Vegas casinos are once again back at 100% capacity.
Resorts World developers had already invested huge amounts during the years of construction of the establishment, and they are starting operations at a pretty risky juncture when Las Vegas is still trying to recover from a massive financial crisis.
But Steve Hill, head of the Las Vegas Convention and Visitors Authority, believes that Resorts World is in fact, very fortunate. He feels that after months of pent-up and restricted demands, there will be a huge spurt in economic activity in Las Vegas and as a brand new location Resorts World will be able to capitalize on this trend easily.
Resorts World will be a luxurious experience for visitors. The casino floor will be spread over more than 117,000 square feet. There will be a separate retail sportsbook and an 1800 sq ft infinity pool on the property. Some top celebrities like Celine Dion, Luke Bryan, and Carrie Underwood have also been contracted to provide live entertainment at Resorts World.
But according to Sibella, Resorts World’s main USP will be its technology. They are introducing completely cashless gaming facilities. RFID embedded accounts, digital wallets linked with bank accounts, slot machines based on in-app payments are all going to be features of the new Resorts World Casino.
The only potential issue for Resorts World will be a lack of international tourists. Chinese tourists, who are a small minority of visitors to Las Vegas, are a majority among the biggest high-rollers contributing heavily to the Las Vegas economy. In April 2021, the number of international tourists visiting Vegas is still 32% lower than the pre-pandemic figures for April 2019.
But Steve Hill and Scott Sibella are both hoping that the attraction of a brand new state-of-the-art casino will pull in more tourists to Las Vegas both domestically and overseas.