2024.07.18
3 reel slot machines(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. Resorts World Las Vegas, which opened earlier this week, could set the stage for operator Genting Berhad to pursue a US listing of its shares. 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.island view casino diningCaesars says 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. Analysts believe it could be a sign Genting wants to list in the US. desert diamond casino mask policy admiral casino covid 19tachi palace casino mobile appParent Genting Berhad is a sprawling conglomerate with multiple listed entities. But the research firm didn’t mention when that could happen, nor did it speculate as to whether the operator would bring a US version of its stock to the Nasdaq or New York Stock Exchange (NYSE).With the opening of Resorts World Las Vegas and a strongly rebounding US gaming industry, and if Genting’s hintertops casino coupon codesistory is any guide, a Genting Americas US listing may be coming at some point in the future,” said the Bernstein analysts in a recent note.It’s not a stretch to think the operator will seek a US-listed stock. 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. big fish casino personal rep points“A good number of venues aren’t accepting credit cards or digital payments due to point-of-sale fails.”Caesars says Caesars 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. winstar world casino non smoking black lotus casino no deposit bonus codes august 2020paragon casino and hotel“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. 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.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. 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. (Image: Caesars Entertainment)Last week, the Pennsylvania Gaming Control Board (PGCB) approved Harrah’s Philadelphia to remove the number of slot machines. But the research firm didn’t mention when that could happen, nor did it speculate as to whether the operator would bring a US version of its stock to the Nasdaq or New York Stock Exchange (NYSE).With the opening of Resorts World Las Vegas and a strongly rebounding US gaming industry, and if Genting’s hintertops casino coupon codesistory is any guide, a Genting Americas US listing may be coming at some point in the future,” said the Bernstein analysts in a recent note.It’s not a stretch to think the operator will seek a US-listed stock. intertops casino welcome bonus download club player casino |