The Genting Group, which owns and operates Resorts World, is having an extremely busy year. The company is currently working to open a massive new casino-resort in Las Vegas. This week, the company appointed Bob DeSalvio to officially lead Resorts World in New York.
It’s exciting news for the company and its properties throughout New York. DeSalvio has decades of experience in the gaming industry. Let’s look at what Genting has planned for 2020.
Resorts World Catskills is Officially Sold
Genting Group owns and operates several major casino-resorts all over the world. Recently, the company has worked to break into New York. Genting purchased Resorts World Catskills recently and is already working to improve the property.
It isn’t the first New York casino-resort that Genting purchased. The company already owned the Resorts World Casino in Queens. Eventually, it was decided that purchasing a majority of stock in Resorts World Catskills would help to improve both venues.
It was an easy decision for Empire Resorts, the former owners of this casino-resort. Resorts World Catskills has faced bankruptcy for years. Genting Group’s purchase of the venue solved all of the company’s issues.
“We’re in a unique position where we can assist with the management of Resorts World Catskills through our Resorts World New York property at a low cost,” said Ed Farrell, President of Genting Americas. “We can bring synergies to both projects and by just operating at a higher scale, we’re going to be able to put the cost structure in a way that Resorts World Catskills can turn to black and we can make money going forward.”
Genting is clearly invested in New York. This week, the company revealed a new leader to oversee the New York operations.
Bob DeSalvio is the New Head of Resorts World in New York
It was expected that Genting would appoint someone with real experience to take over Resorts World in New York. There are now two of these properties operating, both of which have struggled to generate revenue over the past few years. An experienced leader to oversee the operations in this state could bring a major change.
That’s exactly what’s happening here.
Genting Group has appointed Bob DeSalvio to lead Resorts World in New York. He has more than 40 years in the gaming industry, including a stint as president of Encore Boston Harbor. Lim Kok Thay, board executive and Chairman of Genting Group, commented on why the company is bringing DeSalvio in.
“Bob DeSalvio has a proven track record creating and implementing successful marketing and growth strategies in the gaming and hospitality industries,” he said. “Bob’s operational expertise combined with his unique ability to recognise industry trends and adapt to fast-evolving consumer demands will help accelerate growth at Resorts World Catskills and Resorts World Casino New York City.”
It’s exciting news for gambling fans around the state. With Genting Group now investing in New York, the casino industry is set to improve dramatically.
Meanwhile, the company continues to construct the incredible Resorts World Las Vegas.
Resorts World Las Vegas Still Set to Open in 2021
Genting Group continues to work on Resorts World in Las Vegas. At the same time, it’s working hard to open Resorts World Las Vegas. This has been an extremely long project for the company due to several delays and lawsuits.
Construction is underway on this project, which is scheduled to open in 2021. It will feature more than 100,000 square feet of gaming space and more than 3,500 rooms for guests. It’s expected to cost $4.3 billion to construct, making it the most expensive development in Las Vegas history.
Recently, several new details about this casino-resort came out. We now know that it will feature a 5,000 square-foot theater and massive convention space. Previously, it was thought that the casino would have a unique Asian theme. Now, it’s being said that that this is no longer the case.
When it finally opens, Resorts World Las Vegas is expected to be one of the most amazing hotel-casinos in the city. Both tourists and residents can hardly wait until it opens!
Bob DeSalvio is expected to be a major asset leading Resorts World in New York. Stay tuned for more New York casino news over the next few months!