RRR

Resorts World Las Vegas LLC 8.45% 27-JUL-2030

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Overview
Analysis

RWLV5620736 analysis



Key facts


Issuer
Resorts World Las Vegas LLC
Issue date
Jul 27, 2023
Maturity date
Jul 27, 2030
Outstanding amount
‪400.00 M‬USD
Face value
100,000.00USD
Minimum denomination
200,000.00USD
Coupon
8.45% (Fixed)
Yield to maturity
7.13%
As the first integrated resort to be built on the Las Vegas Strip in over a decade, Resorts World Las Vegas will seamlessly blend the technology and luxury appeal of an urban contemporary resort with the traditions and time-honored details of the international Resorts World brand. The sleek yet simple elegance of this new property is being developed with the intention of bringing the elevated experience for which the Resorts World brand is known to the modern Las Vegas traveler seeking luxury, value and variety. Resorts World Las Vegas was developed by Genting Berhad, a publicly traded Malaysian corporation registered with the Nevada Gaming Commission. The company has affiliated operations in the Americas, Malaysia, Singapore, the United Kingdom and the Bahamas. In partnership with Hilton, Resorts World Las Vegas integrates three of Hilton’s premium brands into its resort campus, including Las Vegas Hilton, the resort’s full-service brand; Conrad Las Vegas, Hilton’s lifestyle luxury brand; and LXR, Hilton’s network of independent luxury properties, which operates as Crockfords Las Vegas, Genting’s internationally renowned ultra-luxury brand. Resorts World Las Vegas features 3,506 guest rooms and suites, an innovative, next-generation gaming floor, world-class food and beverage options, a 5,000-capacity theatre, distinct nightlife venues, a curated retail collection of designer and boutique shops and more. The integrated resort weaves time-honored traditions of the international Resorts World brand into the fabric of Las Vegas, introducing a bold, fresh take on hospitality to the city with stunning design, progressive technology and world-class guest service. Resorts World Las Vegas is Sharecare Health Security VERIFIED™ with Forbes Travel Guide, a verification that ensures the resort has appropriate health safety procedures in place. For more information, visit rwlasvegas.com or find us on Facebook, LinkedIn, Twitter and Instagram.
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