RWLV’s equity value estimated at RM10.2bil

Construction continues at Genting Group's USD 4.3 billion Resorts World Las Vegas on the former site of the Stardust Resort & Casino on the Las Vegas Strip on April 27, 2020 in Las Vegas, Nevada. - AFP

PETALING JAYA: Resorts World Las Vegas (RWLV) may take time to establish itself in a competitive market and report net losses for the financial years 2021 and 2022 (FY21 and FY22).

However, RWLV, which is scheduled to open in summer 2021, is ultimately net equity value accretive to Genting Bhd.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Subscribe

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

Subscribe

1 month

Free Trial

For new subscribers only

Subscribe
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Genting , Resorts World , construction , Las Vegas , value , RM10.2bil ,

   

Report it to us.

Next In Business News
Ringgit extends gains to open higher against US$
Loan applications for property take a breather in Feb
Upsides on Bursa capped by negative global sentiment
Trading ideas: Maxis, Bank Islam, Malaysian Flour Mills, Menang, HeiTech Padu, Reservoir Link, MGRC, IGB REIT, Affin Bank and Excel Force
Bursa snaps four-day losing streak to end higher
Keyfield FY23 earnings rise to RM105.5mil
Reservoir Link sub-unit bags RM22mil job
IGB-REIT net profit up 11.1% to RM99.61mil in 1Q
Maxis enhances network with RM813mil investment
Morgan Stanley plans biggest round of China job cuts in years

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.