Are you wondering if Resort World is publicly traded? Well, the answer is not as straightforward as a simple ‘yes’ or ‘no’. Let’s dive in and explore the intricacies of the company’s ownership structure.
What is Resort World?
Resort World is a well-known hospitality and entertainment brand that operates numerous hotels, casinos, and theme parks across the world. The company was founded in 1965 by Lim Goh Tong, a Malaysian entrepreneur. Over the years, Resort World has expanded its footprint to include properties in countries like Singapore, the Philippines, and the United States.
Is Resort World Publicly Traded?
The short answer is no; Resort World itself is not a publicly traded company. However, there are some nuances to this statement that are worth exploring.
Resort World is owned by Genting Berhad, a Malaysian conglomerate with interests in various industries such as gaming, leisure, and plantations. Genting Berhad is listed on several stock exchanges around the world including Bursa Malaysia (the Malaysian stock exchange), Singapore Exchange, and Hong Kong Stock Exchange.
So while you cannot directly purchase shares of Resort World on any stock exchange (since it’s a subsidiary of Genting Berhad), you can indirectly invest in it by buying shares of its parent company.
What About Resorts World Las Vegas?
In June 2021, Resorts World Las Vegas opened its doors to the public. This $4.3 billion integrated resort and casino complex has been making waves in the hospitality industry for its grandeur and scale. But what about its ownership structure?
Resorts World Las Vegas is wholly owned by Genting Berhad through one of its subsidiaries called Resorts World Las Vegas LLC. As mentioned earlier, Genting Berhad is publicly traded on multiple stock exchanges. Therefore, while you cannot directly invest in Resorts World Las Vegas (since it’s a private subsidiary), you can still indirectly invest in it by buying shares of Genting Berhad.
Conclusion
In summary, while Resort World is not publicly traded in and of itself, you can still invest in it indirectly by buying shares of its parent company, Genting Berhad. Similarly, while Resorts World Las Vegas is a private subsidiary of Genting Berhad, you can still indirectly invest in it through the same means.
- If you’re interested in investing in the hospitality and entertainment industry, consider looking into Genting Berhad’s stock.
- Keep an eye on Resort World as the brand continues to expand and evolve globally.
References:
- https://www.com/about-genting/
- https://www.com/investor-relations/
- https://www.com/news/home/20210624005952/en/Genting-Berhads-Resorts-World-Las-Vegas-Opens-Its-Doors-to-the-Public
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