The recovery is underway at Resorts World Las Vegas, with the company reporting a 26% year-on-year and 12% quarter-on-quarter increase in revenue at the property to US$209 million in 1Q26.
The improvement was, according to owner Genting Berhad’s Q1 financial information, largely due to increased convention business momentum in Las Vegas.
EBITDA for the quarter also reached US$50 million, up from US$10 million a year earlier and from US$15 million in 4Q25.
This was aided by hotel occupancy climbing from 82.3% to 91.5% and average daily rate also up from US$274 to US$287. Genting added that RWLV saw improvements in high-end play with increased table volumes and hold percentage within range.
“RWLV remains focused on re-establishing VIP play and building a consistent casino loyalty base,” the company explained. “In addition, RWLV will continue to leverage the new hotel system, which now allows RWLV to own the hotel customer database, giving RWLV flexibility to provide real time hotel offers and enhanced customer experience to guests. Combined with investment in an upgraded casino offer management system, RWLV will yield a stronger customer mix via casino, convention and direct bookings.
“RWLV remains focused on improving margins through strategic growth and operational efficiencies. The property will leverage its enhanced hotel system to extend its reach to customers and implement tailored casino offerings to drive repeat visitation. Additionally, RWLV is actively growing high-end hosted casino play and will continue its casino and resort marketing initiatives to attract high-value guests, while strengthening its convention business with established and new groups of customers. Investments in new dining concepts, entertainment and retail will further drive engagement and operating leverage.”
Genting noted that convention attendance in Las Vegas had grown by 12.3% in 1Q26 according to information from the Las Vegas Convention Visitors Authority.
As such, it said RWLV is well placed to benefit from this increased convention attendance in the months ahead due to its close proximity to the Las Vegas Convention Center.
RWLV has undergone a comprehensive overhaul of its leadership team in recent years in the wake of regulatory scandals, the most recent being the appointment of former Nevada Governor Brian Sandoval as chairman in November.
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