The report puts some of the blame for that loss on “financing and depreciation” for Resorts World Las Vegas. In fact, Genting as a whole lost money this quarter. However, Resorts World Las Vegas has cost $4.2 billion to get up and running. $27 million sounds like a lot of money at first. So, the slow performance from the resort is a little disappointing.

There were vast queues down the street despite the Vegas summer heat. As such, its launch back in June 2021 was a big event. Resorts World is the first new integrated resort to appear on the Strip in over a decade. Readers would do well to note that the report has not yet been audited. “EBITDA” is an accounting acronym for Earnings Before Interest, Tax, Depreciation, and Amortization. According to the Q3 2021 reports from the Genting Group, Resorts World Las Vegas “achieved revenue of almost USD175.0 million.” Though this translated into $27 million in adjusted EBITDA. Resorts World Las Vegas has seen its first full quarter operating on the Vegas Strip.

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