Resorts World Casino, located in Queens, New York, is a significant player in the gaming and entertainment industry. Opened in 2011, it was the first casino in New York City and has since become a popular destination for both locals and tourists. The ownership of Resorts World Casino is primarily held by the Genting Group, a Malaysian-based multinational corporation known for its diverse investments in leisure and hospitality sectors.
The Genting Group, founded in 1965 by Tan Sri Lim Goh Tong, has expanded its operations globally, with a strong presence in the gaming industry. The company operates several resorts and casinos around the world, including in Malaysia, Singapore, the United Kingdom, and the United States. The group’s investment in Resorts World Casino New York City is part of its broader strategy to tap into the lucrative gaming market in the United States, particularly in the Northeast region.
The casino is operated by Resorts World New York, LLC, a subsidiary of Genting Malaysia Berhad, which is a publicly traded company on the Bursa Malaysia stock exchange. Genting Malaysia Berhad is the entity responsible for overseeing the operations of Resorts World Casino and ensuring compliance with local regulations. The casino has been a significant contributor to the local economy, generating thousands of jobs and providing substantial tax revenues to the state of New York.
In addition to Genting’s ownership, the casino operates under the authority of the New York State Gaming Commission, mad-casinosuk.com which regulates gaming activities in the state. This regulatory framework ensures that the casino adheres to strict guidelines and maintains transparency in its operations. The partnership between the Genting Group and the state of New York has been mutually beneficial, with the casino providing entertainment options and contributing to economic growth.
The Genting Group’s ownership of Resorts World Casino is also indicative of the broader trends in the gaming industry, where large corporations are increasingly acquiring and operating casinos to leverage economies of scale and enhance customer experiences. The casino features a wide array of gaming options, including slot machines, electronic table games, and a variety of dining and entertainment venues, catering to a diverse clientele.
In recent years, Resorts World Casino has also expanded its offerings, including plans for a larger integrated resort that will feature a hotel, additional gaming options, and entertainment facilities. This expansion reflects Genting’s commitment to enhancing the guest experience and solidifying its position in the competitive gaming market.
In conclusion, Resorts World Casino is owned by the Genting Group through its subsidiary, Resorts World New York, LLC. The casino plays a crucial role in the local economy and is a testament to Genting’s strategic investments in the gaming sector. As the industry continues to evolve, the ownership structure and operational strategies of Resorts World Casino will likely adapt to meet the changing demands of consumers and regulatory environments.
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