Resorts World Las Vegas is owned by the Genting Group, a Malaysian conglomerate that spent roughly $4.3 billion building the property at the north end of the Las Vegas Strip. Ownership runs through Genting Berhad, the publicly traded parent company, down through a Nevada-registered holding company to Resorts World Las Vegas LLC, the entity that actually holds the gaming license. The Lim family has controlled Genting for decades and still sits at the top of the chain.
Who the Genting Group Is
Genting is headquartered in Kuala Lumpur and runs casino resorts in Singapore, Malaysia, the United Kingdom, and now the United States. The group also operates palm oil plantations, power generation, and oil and gas exploration.1Genting. Corporate Profile Those non-gaming businesses give the parent company revenue outside the casino floor, which is part of how it financed a project on the scale of Resorts World.
The Las Vegas resort opened on June 24, 2021, the first ground-up casino resort finished on the Strip since the Cosmopolitan in 2010.2Resorts World Las Vegas. Property Fact Sheet It represents one of the largest foreign investments ever made in the Las Vegas tourism economy.
The Corporate Chain
At the top is Genting Berhad, a holding company listed on the Bursa Malaysia stock exchange. Its corporate profile identifies Resorts World Las Vegas LLC as a principal unlisted subsidiary.1Genting. Corporate Profile Between the parent and the operating company sits RWLV Holdings LLC, registered as an intermediary company with the Nevada Gaming Control Board and licensed as the sole member of Resorts World Las Vegas LLC.
The layered setup does a few things at once. It satisfies Nevada’s requirement that foreign corporations register through entities the state can regulate directly, and it creates the legal separations needed for liability, tax, and compliance across jurisdictions. If you’re asking whether a single family or a public corporation owns the resort, the honest answer is both. Genting Berhad has thousands of shareholders, but the Lim family has run the company for generations and still holds the executive seats.
Nevada doesn’t let just anyone own a casino, and it applies extra scrutiny to foreign entities. Under state law, a foreign-organized corporation that wants to register as a publicly traded gaming company must apply to the Nevada Gaming Control Board, which investigates whether the applicant’s home country has an effective regulatory system covering public disclosure, periodic reporting, and protections against securities manipulation.3Nevada Legislature. Nevada Revised Statutes Chapter 463 – Licensing and Control of Gaming The applicant also pays the Board’s investigation costs.
How Genting Got the Land
The site has a history older than the current resort. It was home to the Stardust Resort and Casino, which was imploded in March 2007. Boyd Gaming planned to build a megaresort called Echelon Place in its place, but construction stopped in 2008 when the financial crisis hit. The unfinished steel skeleton sat on the Strip for years.
In March 2013, Genting bought the 87-acre parcel from Boyd Gaming for approximately $350 million. The deal included the partially built steel structures, which Genting folded into its own design rather than demolishing them.1Genting. Corporate Profile From that purchase to opening day, the project took eight years and grew into a $4.3 billion build, the most expensive resort ever developed in Las Vegas.
Who Runs the Company Today
At the parent level, Tan Sri Lim Kok Thay serves as Executive Chairman of Genting Berhad. He stepped down as CEO in February 2025 after nearly two decades in the role.4Genting. Board of Directors Dato’ Sri Tan Kong Han is now Chief Executive, President, and Executive Director. Lim’s son, Dato’ Indera Lim Keong Hui, is Deputy Chief Executive and Executive Director, keeping the family firmly in place.
At the resort itself, leadership has turned over substantially. Former president Scott Sibella left after reaching a plea agreement with federal authorities over his failure to file a cash transaction report involving $120,000 in cash from an illegal sports bookie. He was later barred from the Nevada gaming industry until at least December 2028.
In late 2024, Genting created a local board of directors for the property and installed new leadership. Alex Dixon, previously with MGM Resorts and Caesars Entertainment, was brought in as CEO. Former MGM Resorts CEO Jim Murren was named chairman of the new local board, and former Nevada Gaming Control Board chairman A.G. Burnett joined as well. Carlos Castro was appointed chief operating officer and CFO. The restructuring was meant to strengthen compliance and give the property more autonomous decision-making inside the larger Genting organization.
Partners Whose Names You See On Site
Genting owns the real estate, the gaming floor, and the overall resort, but several familiar names on the property belong to other companies operating under agreements with Genting.
The hotel rooms carry Hilton branding under what Hilton described as the largest multi-brand licensing deal in its history, covering 3,500 guest rooms across three Hilton brands: Las Vegas Hilton, Conrad Las Vegas, and Crockfords Las Vegas under the LXR Hotels & Resorts collection.5Stories from Hilton. Resorts World Las Vegas to Feature 3 Hilton Brands Hilton does not hold equity in the property and does not share casino revenue. It provides booking infrastructure, the Hilton Honors loyalty program, and brand recognition in exchange for franchise fees. Genting keeps full control of gaming and resort operations.
The nightlife complex is run by Zouk Group, which operates Zouk Nightclub, AYU Dayclub, RedTail, and FUHU on the property. Zouk was previously owned by Genting Hong Kong before being sold to a company controlled by Lim Keong Hui, the son of Genting’s Executive Chairman. It is a legally separate business, but it stays within the Lim family’s orbit.
Can You Buy a Share of Resorts World Las Vegas?
Not directly. Resorts World Las Vegas LLC is an unlisted subsidiary, so there are no shares in the resort itself to purchase.1Genting. Corporate Profile The closest route is buying shares in the parent company, Genting Berhad, on the Bursa Malaysia exchange. U.S. investors can access the stock over the counter under the ticker GEBHY, though OTC shares come with lower liquidity and wider bid-ask spreads than listings on major U.S. exchanges.
Buying Genting Berhad gives you exposure to the whole conglomerate, not just the Strip property. Your investment also tracks the Singapore casinos, Malaysian resorts, plantations, and energy operations. Quarterly reports break out some segment data, but Resorts World Las Vegas is bundled into the broader leisure and hospitality division rather than reported as a standalone line.