Скачать или смотреть Resorts World vs Fontainebleau - Which $4B Resort Is Failing Faster?

Two mega-resorts on the North Strip. Combined eight billion dollars invested. Both are complete disasters.

Resorts World cost four point three billion and opened in June twenty twenty-one. By first quarter twenty twenty-five, their revenue dropped twenty-two percent to one hundred sixty-six million dollars while EBITDA collapsed seventy-five percent to just ten million. The previous quarter was even worse with only one million dollars in EBITDA for a four point three billion dollar resort. They've cycled through multiple CEOs, with their CFO now doubling as CEO. In March twenty twenty-five, they paid a ten point five million dollar fine for anti-money laundering violations, the second-largest fine ever assessed against a Nevada casino company.

Fontainebleau cost three point seven billion and opened in December twenty twenty-three. Sources report they're burning through four hundred thousand dollars per day in losses before even accounting for debt service. They need four million dollars in daily revenue just to break even but they're only generating two point one million while spending two point four four million. The property carries over two billion dollars in debt to VICI Properties and Blackstone. In the eighteen months since opening, more than a dozen executives have been fired or resigned including the CFO, CTO, COO, and CMO. In May twenty twenty-five, they laid off over sixty table game dealers because the casino floor is almost empty with only three or four tables busy most nights.

Both properties are under Nevada Gaming Control Board investigation for anti-money laundering compliance failures. Both are struggling with the same fundamental problems: they're located on the isolated North Strip far from everything, they have no clear brand identity, they opened at the wrong time into declining Strip revenue, they're carrying too much debt, and they can't compete with established luxury properties like Wynn and Bellagio that have decades of reputation.

The verdict? Fontainebleau is failing faster. They're losing more money per day, have worse executive chaos, have a deader casino floor, and are in complete operational crisis mode. Resorts World is also failing with declining revenue every quarter and leadership chaos, but at least they're generating tiny positive EBITDA and haven't started mass layoffs yet.
Eight billion dollars invested in two North Strip mega-resorts. Both struggling. Neither profitable. Both prove that the golden age of Vegas mega-resort construction is over. Wrong time, wrong location, too much debt, no clear identity, and too much competition from better properties. This is what happens when you build four billion dollar casinos on the North Strip in the twenty twenties.

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