Resort World Casino is a popular casino in New York City, offering various games and entertainment options for its visitors. It is one of the largest casinos in the United States, attracting millions of visitors each year.
But have you ever wondered who owns this massive establishment? In this article, we will delve into the ownership of Resort World Casino and provide you with all the necessary information.
Resort World Casino: An Overview
Before we get into the details of who owns Resort World Casino, let’s first take a quick look at what this casino is all about. The casino is located in Queens, New York, and offers a vast array of games for its visitors to enjoy. From slot machines to table games such as blackjack and roulette, Resort World Casino has something for everyone.
Apart from gaming options, the casino also hosts various concerts and events throughout the year. It has several dining options as well as bars for visitors to enjoy while taking a break from gambling activities.
The Ownership of Resort World Casino
Resort World Casino is owned by Genting Group, a Malaysian conglomerate that operates businesses in several sectors such as hospitality, tourism, and entertainment. The company was founded in 1965 by Lim Goh Tong and has since then expanded its operations globally.
Genting Group entered the gaming industry in 1980 when it opened its first casino resort in Malaysia. Since then, it has expanded its operations to several countries such as Singapore, the Philippines, and the United States.
Genting Group’s Presence in the United States
Genting Group’s entry into the US gaming industry began with its acquisition of a 14-acre property on the Las Vegas Strip in 2007. The company had plans to build a massive resort-casino on this property; however, due to financial constraints caused by the global financial crisis that began around that time, the project was put on hold.
In 2010, Genting Group acquired the Aqueduct Racetrack in Queens, New York, and transformed it into Resort World Casino. The casino opened its doors to the public in 2011 and has since then become one of the most popular casinos in the United States.
Genting Group’s Expansion Plans
Genting Group has been actively expanding its operations in the United States. In addition to Resort World Casino, the company also operates casinos in several other states such as Florida and California.
Apart from gaming operations, Genting Group has also invested in several non-gaming projects such as hotels, resorts, and real estate developments. The company has plans to build a massive resort-casino in Miami that will be one of the largest establishments of its kind in the United States.
Conclusion
In conclusion, Resort World Casino is owned by Genting Group, a Malaysian conglomerate with a global presence. The company has been active in the gaming industry for several decades and has expanded its operations to several countries around the world. With its massive investment plans for the US market, Genting Group is sure to remain a major player in the gaming industry for years to come.