Resorts World Casino: Resorts World Casino is a brand recognized worldwide, known for its luxury casinos, integrated resorts, and entertainment complexes. From New York to Singapore to Malaysia, the name “Resorts World” represents a global network of high-end gambling and hospitality destinations. But who really owns this empire? The answer traces back to a powerful Malaysian conglomerate — Genting Group.
📌 Resorts World Casino: The Parent Company: Genting Group
Resorts World Casino: Genting Group is a Malaysian multinational conglomerate, founded in 1965 by the late Tan Sri Lim Goh Tong. The company has expanded globally in sectors such as:
- Casinos & resorts
- Cruise lines
- Energy production
- Property development
- Biotechnology
- Oil palm plantations
Resorts World Casino: Today, it’s chaired by Tan Sri Lim Kok Thay, the founder’s son, and remains heavily controlled by the Lim family, despite being publicly listed.
🌍 Resorts World Casino: Resorts World Brand Portfolio
Resorts World Casino: The “Resorts World” brand is a trademark of Genting Group and has been licensed across various countries under its subsidiaries.
| Resort Name | Location | Owner/Subsidiary | Year Opened |
|---|---|---|---|
| Resorts World Genting | Malaysia (Genting Highlands) | Genting Malaysia Berhad | 1971 |
| Resorts World Sentosa | Singapore | Genting Singapore Ltd | 2010 |
| Resorts World New York City | Queens, New York, USA | Genting Americas Inc. | 2011 |
| Resorts World Las Vegas | Las Vegas, Nevada, USA | Genting Berhad (via Resorts World Las Vegas LLC) | 2021 |
| Resorts World Bimini | Bahamas | Genting Americas | 2013 |
| Resorts World Catskills | New York, USA | Empire Resorts (majority-owned by Genting) | 2018 |
🏦 Ownership Structure Explained
Here’s how the ownership structure works:
1. Genting Berhad (Parent Company – Malaysia)
- Publicly traded on the Malaysian stock exchange (KLSE: GENTING)
- Majority shares are held by Kien Huat Realty Sdn Bhd, a Lim family vehicle
- Oversees global strategy and investment decisions
2. Genting Malaysia Berhad
- Operates Resorts World Genting and Resorts World New York City
- Genting Berhad owns ~49% of Genting Malaysia
3. Genting Singapore Ltd
- Runs Resorts World Sentosa
- Listed on the Singapore Stock Exchange (SGX: G13)
- Genting Berhad owns a majority stake
4. Genting Americas Inc.
- Handles all U.S. and Caribbean operations (New York, Las Vegas, Bimini)
- Subsidiary of Genting Malaysia
📊 Ownership Table Snapshot
| Company | Stock Exchange | Majority Owner | Region | Key Assets |
|---|---|---|---|---|
| Genting Berhad | KLSE | Lim family via Kien Huat | Global HQ | Holding company |
| Genting Malaysia Bhd | KLSE | Genting Berhad (~49%) | Malaysia, U.S. | Resorts World Genting, NY, Catskills |
| Genting Singapore Ltd | SGX | Genting Berhad (Majority) | Singapore | Resorts World Sentosa |
| Genting Americas | — | Genting Malaysia | U.S., Bahamas | RW NYC, RW Las Vegas, RW Bimini |
| Empire Resorts | — | Genting Malaysia (88%) | New York | Resorts World Catskills |
💰 Financial Overview (2024 Data Snapshot)
| Company | Revenue (USD) | Net Profit (USD) | Employees |
|---|---|---|---|
| Genting Berhad | $6.3 Billion | $520 Million | 55,000+ |
| Genting Malaysia Bhd | $2.9 Billion | $300 Million | 20,000+ |
| Genting Singapore Ltd | $1.8 Billion | $480 Million | 12,000+ |
🧬 Is Resorts World Privately Owned?
Not exactly.
Resorts World properties are not privately owned in the traditional sense. They are operated by publicly traded companies under Genting’s umbrella. However, because of the consolidated ownership by the Lim family (primarily through Kien Huat Realty), there is tight centralized control — much like a private company.
So while the companies are publicly listed, strategic decisions remain in the hands of the founding family.
🔍 Controversies & Challenges
While Resorts World has seen enormous growth, it’s not without challenges:
- COVID-19 Impact: Major losses during the pandemic
- Labor issues: Especially in U.S. and Malaysian operations
- Competition: From Sands, MGM, and other global operators
- Environmental concerns: Especially in Malaysia and the Bahamas
🧭 Future Expansion Plans
Genting continues to invest heavily in global gaming markets. Some notable expansions include:
- Phase 2 of Resorts World Las Vegas (expected by 2027)
- Resorts World Miami (still in planning stages)
- Upgrades to Resorts World Genting (theme park, hotel expansions)
🧠 Conclusion
The Resorts World Casino brand is ultimately owned and operated by the Genting Group, a diversified multinational based in Malaysia. Through a web of subsidiaries like Genting Malaysia and Genting Singapore, the brand controls casino and entertainment properties from New York to Singapore.
Despite being publicly traded, the organization retains its family-controlled legacy, with the Lim family still holding strategic power. This unique hybrid of public funding and private control has allowed Genting to become one of the world’s most influential names in the casino and resort industry.
