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The Resorts World casino is getting desperate after its earnings report was crushed. According to the Las Vegas Review Journal, the $4.3 billion resort, which opened in June 2021, is looking “recover “nd re-establish” it’s cu”tit’s base after seeing a massive decline in revenue and earnings.
Resorts World reported a 22 percent year-over-year decline in revenue and a 75 percent dip in earnings during the first quarter of this year, according to recently released financial statements by the hotel-casino’s parent company, Genting Berhad. Through the first three months of 2025, Resorts World Las Vegas generated $166 million in revenue and $10 million in earnings before interest, taxes, depreciation and amortization (EBITDA), down from $214 million and $40 million, respectively, in the first quarter of 2024.
The diminishing financial returns come on the heels of a $10.5 million settlement with Nevada gaming regulators in late-March over anti-money laundering compliance violations tied to an illegal bookmaker’s gambling activity at the Strip casino
The casino has recently introduced new leadership and has waived resort and parking fees for the summer, to attract new customers this year.
First, we ditched parking fees. Now, we’re taking it a step further.
To show our appreciation, Resorts World is waiving resort fees through September 11—because your summer getaway should feel like one from start to finish.
✨ No resort fees. Complimentary parking. All for you. pic.twitter.com/IMy2LZrSqU
— Resorts World Las Vegas (@ResortsWorldLV) June 20, 2025
“In addition, RWLV expects to see improvements in ADR and occupancy in 2025 through an upgraded hotel management 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” said hotel-casino company, Genting Berhad, in a statement.
While a significant year-over-year decline was expected after the 2024 Super Bowl, Resorts World appears to be in massive trouble if it can’t turn things around.