Genting’s Resorts World Las Vegas Gets Regulatory Approval

The site of the former Stardust Resort and Casino and the failed Echelon project will now be occupied by a multi-billion-dollar Asian-themed integrated resort, owned by major casino operator Genting Malaysia. Resorts World Las Vegas has received the necessary regulatory approval by the Nevada Gaming Commission and developers are now ready to move forward with the ambitious project.

It was earlier this week when the Malaysian gambling operator was given the green light to proceed with the construction of its mega-resort, initially valued at the amount of $4 billion. After the necessary licenses have been stamped by the state gambling regulator, work on the complex is expected to commence towards the end of 2016. Resorts World Las Vegas would be the first integrated resort to be built in Las Vegas for a decade now.

According to initial plans, the complex would feature 3,100 hotel rooms and a casino spreading over 150,000 square feet. The resort is expected to be completed and launched early in 2019. The choice of a Chinese theme for the project was not an arbitrary one. Resorts World Las Vegas is to be built with the intention to attract the attention of Chinese players, particularly ones wealthy enough to travel to the US to spend a dime on gambling.

Genting purchased the site of the former Stardust Casino back in 2013 for the amount of $350 million. The plot was to be used for Boyd Gaming’s Echelon Place. However the project was abandoned as Las Vegas was among the places in the US to be the most severely hit by the Great Recession.

It could be said that the Entertainment Capital of the World has had a tough decade. But as people with knowledge of the matter have commented, the construction of the Chinese-themed mega-resort represents the city’s rebirth and willingness to bring back its former glory and glamor.

Earlier this week, officials for Genting presented Nevada gambling commissioners with details about the expensive project. Although the casino would be among the highlight facilities, the resort would feature a number of other options for entertainment as well as for accommodation.

According to local media, commissioners were utterly impressed with the project’s scale. However, their approval did not come as surprise as a fortnight ago, the construction of the mega-resort was given the nod by the Nevada Gaming Control Board. The multi-billion-dollar plan had also been backed by Gov. Brian Sandoval since announced.

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