Resorts World Las Vegas Reports 26% Revenue Jump in Q1 2026 as Convention Business and Occupancy Rebound

Resorts World Las Vegas reported a 26 percent year-on-year increase in revenue to $209 million for the first quarter of 2026, with EBITDA jumping to $50 million from $10 million during the same period a year ago, according to financial information released by parent company Genting Berhad. The results represent a significant turnaround for the property, which opened in 2021 as the first new casino on the Las Vegas Strip in over a decade but struggled to meet initial financial expectations in its early years of operation.

The recovery was driven primarily by improved convention business momentum, according to Genting’s quarterly disclosure. Hotel occupancy at Resorts World climbed from 82.3 percent to 91.5 percent year-over-year, and the average daily room rate increased from $274 to $287. The property also saw improvements in high-end play, with increased table volumes and hold percentage within historical norms.

A Property Finding Its Footing

Resorts World Las Vegas opened during one of the most difficult periods for the hospitality industry, arriving just as post-pandemic recovery was still taking hold. The property, which encompasses three hotel brands — Hilton, LXR, and Conrad — under one roof alongside a gaming floor, entertainment venues, and retail, was built at a cost of more than $4.3 billion. Early financial results fell below analyst expectations, generating skepticism about whether the Strip could absorb a major new entrant at that price point.

The Q1 2026 numbers suggest those concerns are easing. Quarter-over-quarter growth of 12 percent in revenue, combined with a dramatic improvement in EBITDA from $15 million in Q4 2025 to $50 million in Q1 2026, indicates that the property is building operational momentum. Convention bookings, in particular, have emerged as a key driver — a trend consistent with the broader recovery of the Las Vegas convention market following several years of pandemic-related disruption.

Context in a Competitive Las Vegas Market

Resorts World’s recovery comes as the overall Las Vegas market continues to perform well. Nevada’s gaming industry has benefited from sustained visitor demand, and the north Strip corridor where Resorts World is located has seen increased activity. The property has also invested in entertainment programming and updated its gaming floor offering to attract both premium players and convention attendees.

The Q1 results come after a period in which NYC’s two casino resort projects — Resorts World New York and the planned Metropolitan Park development — have faced headwinds. New York’s Resorts World underperformed revenue targets in its first months as a licensed facility, while Metropolitan Park has fallen behind its development schedule. The contrast with the Las Vegas property’s improving performance highlights how much location and market maturity factor into casino results. Gamblers interested in exploring what Resorts World and other Las Vegas properties offer can compare online options through casino apps to see how the digital side of the industry compares to the in-person Las Vegas experience.