Genting-owned Resorts World Las Vegas said to have received licence approval recommendation from regulators

KUALA LUMPUR (May 8): Genting Bhd-owned Resorts World Las Vegas, which is set to open on June 24, 2021, is reported to have received the US’ Nevada Gaming Control Board’s licence approval recommendation after the regulator’s chairman and commissioners endorsed the licence for approval on May 20, 2021 by the five-member Nevada Gaming Commission, the Associated Press (AP) reported.

AP, quoting Nevada Gaming Control Board chairman Brin Gibson as well as Genting chairman and chief executive Tan Sri Lim Kok Thay, reported on Thursday (May 6) that Gibson said on Wednesday (May 5) he had “no concerns” about granting a licence to Resorts World Las Vegas as Gibson ended a lengthy presentation by executives for Resorts World Las Vegas and Genting.

“[Nevada Gaming Control Board] Commissioners Brittany Watkins and Phil Katsaros joined Gibson endorsing the licence for approval May 20 by the five-member Nevada Gaming Commission.

"Genting chairman Lim, appearing virtually from Kuala Lumpur, discussed Genting’s history and corporate diversity, the Las Vegas Review-Journal reported.

"He said Resorts World Las Vegas will open about 50 years after the first Resorts World-branded resort, a 200-room hotel known at the time as Genting Highlands, in Pahang, Malaysia,” AP reported.

Resorts World Las Vegas operator Resorts World Las Vegas LLC is a wholly-owned subsidiary of Genting.

On Bursa Malaysia yesterday, Genting’s share price closed unchanged at RM4.94, which values the company at about RM19.02 billion.

Genting has 3.85 billion issued shares, according to its latest annual report.

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