The Malaysian based Genting Group has established itself as one of the big players in the global casino industry by setting up a number of popular casino resorts all over the world. Genting has establishment Resort World Casinos in a number of places including New York, Birmingham, England, Singapore and Malaysia. The company is also in the process of constructing its Resorts World Casino in Las Vegas which is estimated to cost around $4 billion.
The Las Vegas project broke ground six months ago and by looking at the site location it is hard for one to tell if any progress has been made since then. Genting initially bought the 87 acre casino site from Boyd Gaming Corp after it decided to drop its Echelon project and Genting has invested around $50 million during the last six months for initial construction work and site maintenance.
Genting has continued to keep a low profile on the Las Vegas project and has occasionally updated its social media account sharing sparse details on Resorts World Las Vegas. The company stated in social media earlier that construction work was mostly taking place late at night and during the hourly hours of the day to enable construction workers to avoid the scorching heat. Genting also stated that it will take time for the $4 billion project to come together and nothing significant could happen overnight.
The company is currently working with officials as it needs to receive a number of permits that address water systems, sewage systems and electricity. If everything goes as per plan, Resorts World Las Vegas is expected to open during the middle of 2018. The Resorts World Las Vegas project will have an Asian theme to it and will also look to draw thousands of VIP gamblers from Mainland China and mass market gamblers from across Asia. The $4 billion casino project will not be built from scratch as the company will make use of the smaller projects that Boyd commenced and will merge them together to speed up the process.
Resorts World Las Vegas is expected to be one of the biggest projects to hit the strip during the last 10 years and is expected to create thousands of jobs as the permitting process is completed. The Genting Group has a diverse range of business interests but generates over eighty percent of its revenue from the hospitality and leisure industry.