Occupancy up from 82.3 per cent to 91.5 per cent due to improved convention business
After a troubling few quarters, Resorts World Las Vegas has turned its financial performance around with a 26 per cent year-on-year increase in its first quarter of 2026 to US$209m, alongside a 12 per cent sequential improvement in revenue.
Hotel occupancy at the Strip resort increased from 82.3 per cent to 91.5 per cent due to improved exhibition and conference business in Las Vegas. EBITDA for the first quarter was US$50m, up from US$10m a year earlier. Owner Genting said it benefited from increased table volumes, especially in high-end play.
The operator said “RWLV remains focused on re-establishing VIP play and building a consistent casino loyalty base. 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.”
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Occupancy up from 82.3 per cent to 91.5 per cent due to improved convention business After a troubling few quarters, Resorts World Las Vegas has turned its financial performance around with a 26 per cent year-on-year increase in its first quarter of 2026 to US$209m, alongside a 12 per cent sequential improvement in revenue. Hotel…
The post Resorts World Las Vegas up 26 per cent as high-end table play improves appeared first on G3 Newswire.