Genting Bhd Reports Resorts World Las Vegas Revenue Rise to $181 Million in 2Q26 on Convention Attendance and Premium Play
TL;DR — Resorts World Las Vegas posted 1% YoY revenue growth to $181M and 33% EBITDA growth to $24M in 2Q26, lifted by 88% occupancy, higher ADR, and premium play. Metrics fell sequentially from Q1. Genting Bhd group revenue rose 14% to $1.92B on RWNYC opening.
SCCG Take — Sequential declines at RWLV signal persistent quarterly volatility. Convention proximity and high-end focus offer clear levers for margin gains in the Las Vegas integrated resort segment.
Resorts World Las Vegas recorded incremental improvement in the three months to 30 June 2026. Revenue rose 1% year-on-year to US$181 million and EBITDA climbed 33% to US$24 million. The results nonetheless fell from the March quarter, with revenue down 13% and EBITDA considerably lower than the US$50 million posted in Q1.
Hotel occupancy reached 88.0%, up from 80.2% a year earlier. Average daily rate rose to US$274 from US$265. Increased convention attendance and higher volumes of high-end casino play drove the gains.
Operational Drivers at RWLV
Genting Bhd noted that RWLV expects convention booking trends to remain robust due to its close proximity to the Las Vegas Convention Center and established convention business. The operator expects gaming results to continue to improve as it grows high-end hosted casino play and deploys resort marketing initiatives to attract high-value guests.
On the non-gaming side the property is developing distinctive brand experiences and right-sizing its value proposition to maximise margin. RWLV is refining productivity, optimising its fixed cost structure, and evaluating business hours and workforce levels. It is also assessing new dining concepts and performances at the Resorts World Theatre.
Group Results for Genting Bhd
Genting Bhd reported a 14% year-on-year revenue increase to MYR7.75 billion (US$1.92 billion) for the June 2026 quarter. The opening of full casino operations at Resorts World New York City in April supported the advance. Group adjusted EBITDA grew 2% to MYR2.12 billion (US$524 million). Profit declined 71% to MYR197.6 million (US$48.8 million) on higher depreciation and interest costs.
According to reporting by Inside Asian Gaming, these figures reflect Genting Bhd’s broader US segment contribution as the group manages fixed costs and guest acquisition across its properties.
Reporting: Inside Asian Gaming
Generated by SCCG’s automated editorial system from published source reporting. SCCG Management holds editorial responsibility.
YoY gains mask sequential weakness — RWLV's margin recovery hinges on convention flow and high-end player acquisition, not momentum.
We work across integrated resorts daily, and this tells the real story: year-over-year headlines hide quarterly churn. RWLV grew EBITDA 33% against last year but gave back half its Q1 profitability. Convention proximity is a structural edge, but premium play volatility demands smarter player development and tighter cost discipline to stabilize margins.
- $181M revenue, +1% YoY but -13% vs Q1; EBITDA $24M, down from $50M prior quarter
- 88% occupancy, $274 ADR driven by convention business and premium gaming volumes
- Genting group revenue +14% to $1.92B on RWNYC casino opening; profit -71% on depreciation
SCCG angle: SCCG connects resort operators to the player development, CRM, and hospitality tech partners who stabilize high-end play and optimize convention-adjacent guest acquisition. We have deep relationships across integrated resort marketing, loyalty platforms, and premium gaming services — the exact stack RWLV is leaning on to flatten these quarterly swings and drive sustainable margin.
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