Las Vegas Strip Casinos Get a Big Win (Gamblers Beware)

The owners of the brand new Resorts World Las Vegas, the Genting Group, likely had mixed feelings about their $4.3 billion investment opening during the middle of a global pandemic.

Resorts World, which sits on the North Strip, well away from Caesars Entertainment (CZR) – Get Caesars Entertainment Inc Report and MGM Resorts International (MGM) – Get MGM Resorts International Report properties on the south and central strips.

It wasn’t just a gamble due to its cost. 

The company was also counting on being the first of many major development projects on that somewhat barren section of Las Vegas Boulevard.

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