Genting is scheduled to break ground on May 5 with the building of its first Las Vegas resort. The new casino, Resorts World Las Vegas will sit on a site that was once controlled by Boyd Gaming Corp in northern Las Vegas. With a multi-phase development plan, the resort will offer 3,000 hotel rooms, 3,500 slots, 30 food outlets and an attractive 4,000 seat theater.
The site was purchased by Genting in 2013 for $350 million and currently houses the Echelon development, which is unfinished due to halted construction in 2008. Building permits have already been renewed and Genting must apply for a full gaming license prior to opening Resorts World Las Vegas.
While employing thousands of workers, it is also expected that the resort will offer $1.5 billion in construction wages and another $84 million in taxes. Once opened, the site will provide for over 8,000 jobs directly and some 3,000 indirect jobs. The entire development will generate an estimated $155 million annually in tax revenue.
Genting also has casino interests in the United Kingdom, the Bahamas, New York State, the Philippines and Singapore and recently broke ground on a site in South Korea. The company’s flagship property is Resorts World Genting in Malaysia.