Resorts World Las Vegas Opens as First New Strip Casino Resort in Over a Decade
Resorts World Las Vegas opened on June 24, 2021, becoming the first entirely new casino resort to open on the Las Vegas Strip since the Cosmopolitan in December 2010 — a $4.3 billion development by Genting Group that brought three hotel brands and a 117,000-square-foot casino floor to the north end of the Strip.
Key Takeaways
- Resorts World Las Vegas opened June 24, 2021 — first new Strip casino since Cosmopolitan (December 2010)
- Developed by Genting Group, the Malaysian gaming and hospitality conglomerate, at a cost of approximately $4.3 billion
- The property houses three hotel brands: Hilton Hotels & Resorts, Conrad Hotels & Resorts, and LXR Hotels & Resorts
- Resorts World Las Vegas has approximately 3,506 hotel rooms and a 117,000-square-foot casino floor
- Located at the north end of the Las Vegas Strip on the former Stardust Resort and Casino site
- The opening added significant Strip inventory at a time when Las Vegas was recovering from COVID-19 pandemic closures
Why It Matters — Players
Why It Matters — Operators
Resorts World Las Vegas opened to the public on June 24, 2021, marking the end of an eleven-year gap in new casino resort openings on the Las Vegas Strip. The $4.3 billion development by Genting Group — the Malaysian gaming and hospitality conglomerate that also operates Resorts World properties in New York, Bimini, Birmingham (UK), and across Asia — was built on the site of the former Stardust Resort and Casino, which closed in 2006 and was demolished in 2007.
The Property
Resorts World Las Vegas is a multi-tower resort with approximately 3,506 hotel rooms distributed across three co-located hotel brands: Hilton Hotels & Resorts (the flagship offering), Conrad Hotels & Resorts (the luxury tier), and LXR Hotels & Resorts (the ultra-luxury tier). The three-brand structure, all operating under Hilton's loyalty programme, gave Resorts World access to Hilton's extensive corporate and leisure travel customer base.
The casino floor spans approximately 117,000 square feet and includes slot machines, table games, a sportsbook, and a high-limit gaming area. The property also features an extensive food and beverage offering across multiple restaurants and bars, a large theatre and entertainment venue, a 5.5-acre pool complex, and significant retail and meeting space.
The Genting Group
Genting Group is one of the world's largest gaming conglomerates, with major operations in Malaysia (Genting Highlands, Resorts World Genting), Singapore (Resorts World Sentosa), the Philippines, the United Kingdom (Resorts World Birmingham), and the United States (Resorts World New York City at Aqueduct Racetrack in Queens). The Las Vegas project was Genting's most ambitious entry into the US land-based casino market.
Timing and Context
The June 2021 opening came just over a year after the COVID-19 pandemic forced the closure of all Nevada casino properties in March 2020. Las Vegas had been recovering through a phased reopening process, and Resorts World's opening coincided with a period of strong demand recovery as travel and leisure spending rebounded. The property's opening added over 3,500 hotel rooms to the Strip at a moment when Las Vegas occupancy was recovering strongly.
- Source:
- Reuters
- Published:
- June 24, 2021
- Original Article:
- View Source
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