Operator News
US – Genting pitches Las Vegas investment at $4bn
By Phil - 18 December 2013
Genting has said it will invest US$4bn on completing Echelon in Las Vegas the unfinished resort it bought from Boyd Gaming earlier this year for $350m.
Covering 35-hectares, where the Stardust once was, it will be re-branded Resorts World Las Vegas. The first phase of its opening is planned for 2015.
Genting Chairman Lim Kok Thay said: “We’re still at the planning stage with the group undergoing regulatory investigations by the Nevada Gaming Board, which is one of the strictest around. I’m quite confident we’ll obtain this license and only then will we commence the construction.”
The property will include a 3,500-room hotel with a Chinese-theme and a 175,000 sq. ft. casino complete with Chinese façades and pagoda-style roofs. It is expected to include a replica of the Great Wall of China, a live panda exhibit and other spectacularly Chinese attractions.
Clark County Commissioner Chris Giunchigliani said: “It’s kind of a unique approach but it will complement the Strip.”
Genting already operates Resorts World Casino at New York City’s Aqueduct race track, the top-grossing US slot venue.
