HomeNewsMalaysiaResorts World LV's 3Q results dampened by mask mandate

Resorts World LV’s 3Q results dampened by mask mandate

November 26, 2021

Genting said the 3Q21 performance of its newly opened Resorts World Las Vegas property was hurt by a July mandate from the State of Nevada requiring masks to be worn, regardless of vaccination status.

The $4.2 billion resort opened its doors on June 24. In 3Q21, it reported revenue of almost $175 million and EBITDA of $27 million.

Hotel occupancy for 3Q21 was 54.9 percent as several conventions were cancelled as a result of the mandate, the company said. The mask mandate came into force on July 30.

The Zouk Nightclub, spa and more retail outlets and restaurants were opened in the quarter, with more to be added in 4Q21. The resorts theatre is also expected to open this quarter.

Sharon Singleton https://agbrief.com/about-asia-gaming-brief/

Sharon Singleton is a multi-media reporter with experience ranging from website management to reporting and editing for newspapers, news agencies and television. As Managing Editor she's been working with Asia Gaming Brief since 2013 and her specialties are: Business, current affairs, fluent in Italian, French, with working knowledge of Spanish.