Genting breaks ground for Vegas Resort

GentingGenting has broken ground in Las Vegas on their Resorts World complex that is slated to cost anywhere from $4 billion to $7 billion and completed in 2018.

The new resort which will sit on the site of the former Stardust casino on the strip will cover 88 acres and have 3,500 hotel rooms, a 4,000 seat outdoor amphitheater and shopping mall and possibly even a panda enclosure.

KT Lim, chairman and CEO of Genting Group, said the new sprawling complex would showcase the best of China past and present. The CEO was at the ceremonial ground breaking event in Las Vegas

Genting bought the land from Boyd Gaming in 2013 for $350 million after the company failed to proceed with the building of the doomed Echelon casino and hotels project.

Even Casino boss Steve Wynn was at the event and said the project was exciting, but doubted if the 2018 opening date was realistic.

More from Gaming Awards

Related Stories from This Week in Gambling:

  • Genting details new Las Vegas resort plans iGaming Business - Malaysian conglomerate Genting Group has unveiled plans for a multi-phased opening of its new Resorts World Las Vegas facility in the US state of Nevada. Genting, which presented the plans to the Nevada Gaming Control Board last week, said the new resort would create […]
  • RAWA Could Criminalizes Nevada Sports Bets A bill in Congress that would ban Internet gambling would inadvertently criminalize Nevada’s booming mobile sports wagering business, which has been credited with turning the Silver State’s sports books into a $3.9 billion-a-year industry. The measure, backed by Las Vegas Sands Corp. […]
  • New casinos to add juice to Las Vegas Strip Las Vegas Review-Journal - The biggest gaming story of 2014 might be a 2016 or a 2017 event. Malaysia-based Genting Group is expected to begin construction sometime in 2014 on the $2 billion-to-$7 billion Resorts World Las Vegas, returning construction activity to the 87-acre Echelon […]