2024.07.21
aliante casino lost and foundResorts World Las Vegas, which opened earlier this week, could set the stage for operator Genting Berhad to pursue a US listing of its shares. (Image: KLAS-TV)Bernstein analysts believe the newest integrated resort on the Strip is a sign the Malaysian parent wants to list in the US. While most publicly traded gaming operators run multiple, in some cases dozens, of venues, it’s not unheard of for listed companies in this space to have small rosters. table games at the casinoCaesars told the state gaming agency that the decision was because of “a significant oversupply and underutilization” of the existing terminals.With PGCB approval, the slot count at Harrah’s was reduced from 2,263 positions to 1,700. That operator, which traded on the Nasdaq under the symbol “NYNY,” operated Resorts World Catskills. (Image: KLAS-TV)Bernstein analysts believe the newest integrated resort on the Strip is a sign the Malaysian parent wants to list in the US. poker casino usa oxford casino tribefree blackjack online for fun“It’s setting a new standard, and it’s raising the bar very, very high.”Local tourism and media representatives have expressed hope that Resorts World will help bring new life to the slow-to-revive north end of the Strip. Genting Singapore, the operator of the Resorts World Sentosa integrated resort in that country and a leading contender to bring a gaming property to Japan, is also publicly traded.Genting Americas PreviewThe Bernstein note doesn’t explore the technicalities of the shape Genting Americas could take if it does, in fact, pursue a US equity.It’s possible the holding company could be focused entirely on Resorts World Las Vegas. The parent company owns Resorts World New York City (RWNY) in Queens, which is slated to become a traditional casino with live table game intertops casino coupon codesdealers and a sportsbook.Genting previously had a publicly traded unit in the US — Empire Resorts. casino stocks(Image: KLAS-TV)Bernstein analysts believe the newest integrated resort on the Strip is a sign the Malaysian parent wants to list in the US. “Vegas needed this.” Canale hosts the Las Vegas-based Before the Lights and The Golf Zone podcasts.Some who attended Thursday’s opening noted that glitches occurred.“Tonight’s top tip for your visit to the new cashless casino resort: Bring cash,” the Twitter feed Vital Vegas noted. Analysts believe it could be a sign Genting wants to list in the US. slot casino wien mgm casino detroit restaurantsgolden nugget casino gba romThe casino recently gained approval to remove 563 machines. (Image: Caesars Entertainment)Last week, the Pennsylvania Gaming Control Board (PGCB) approved Harrah’s Philadelphia to remove the number of slot machines. Amid financial struggles, the business was taken private by Genting Malaysia in late 2019.Previous SpeculationPrior to Resorts World Las Vegas opening, there was some talk Genting could list in the US. Caesars says US-based operators with Asian footprints that are also players in the booming domestic internet casino space include MGM Resorts International and Wynn Resorts.As for Las Vegas comparisons, Bernstein sees Resorts World competing with the Strip’s glitzier venues, including Aria, Bellagio, Cosmopolitan, the Venetian/Palazzo, and Wynn/Encore.(Image: Caesars Entertainment)Last week, the Pennsylvania Gaming Control Board (PGCB) approved Harrah’s Philadelphia to remove the number of slot machines. online foxwoods login big fish casino jackpot magic facebook |