Chairman of New Resorts Las Vegas board of directors appointed

The first board of directors of Resorts World Las Vegas has been established, and the former CEO of MGM Resorts International will serve as its chair.

The announcement of the appointments came shortly after Genting informed investors that Resorts World Las Vegas had a difficult third quarter due to "an unusually hot summer in Las Vegas and economic uncertainty in an election year," which resulted in lower earnings before interest, taxes, depreciation, and revenue. The venue had its worst stretch in two years from July to September.

 

[Jenny]

I think the appointment of a new chairman signals a potential shift in leadership strategy and vision for Resorts Las Vegas. It will be interesting to see how this impacts the company’s future developments and market position.