GENTING Group has completed the purchase for a piece of the glitzy Las Vegas Strip with intentions to establish Resorts World Las Vegas on the 35-hectare property.
News agency AFP reported that Genting had paid Boyd Gaming Group US$350 million in cash for the land, where work on Boyd’s Echelon project had ceased in 2008 due to the financial crisis.
According to a Genting press release, the hotel-casino complex will offer 3,500 rooms, 16,258m2 of total gaming space across several floors, and a number of luxury dining and retail amenities in the first phase of launch. The resort will also include additional convention space for Las Vegas tradeshows.
Resorts World Las Vegas marks Genting’s first destination resort in the city. “This is an unparalleled opportunity to showcase what has made the Resorts World brand a globally recognised success for the past several decades,” said KT Lim, chairman and CEO, Genting Group.
