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Genting’s U.S. expansion may lead to N.American listing: Bernstein


Malaysia’s Genting has clear aspirations to expand in the U.S. and judging by the group’s past history may seek a stock exchange listing at some point in the future for its U.S. assets, Bernstein Research said in a note commenting on Thursday’s opening of Resorts World Las Vegas.

As well as the $4.3 billion Las Vegas property, the group has slot operations at Resorts World New York City and has secured waterfront land in Miami in anticipation of a potential opening of the market there.

“However, all will depend on the success of Resorts World Las Vegas,” it said.

The firm notes the resort is opening amidst a resurgence in demand after Covid and is the first true new opening in more than a decade.

“The property’s positioning, its management team and the quality of its product offering brings new competition to long-established casino properties and the result will be a better, more vibrant Las Vegas,” it said.

AGBrief Editorial
AGBrief Editorial
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.