Right next to Wynn Encore and Trump Hotel Las Vegas, the stalled Echelon Place development will be reborn as Resorts World Las Vegas with new construction expected to begin in 2014. This is great news as there is next to a zero percent chance that the Genting Group will fold on this endeavor with a current market capitalization of about US$40 billion.
The first phase of the Asian themed project, at a cost of roughly US$2 billion, is expected to include the first of four hotel towers (3,500 rooms in phase I) and a 175,000 square foot casino. The property may open as early as 2016. Some notable features of the project may include an indoor water park and a panda exhibit. At full build-out the 87 acre (35 ha) resort is expected to provide over 6,500 rooms with a final development cost of up to US$7 billion.
Other notable Resorts World properties in development or operation include Resorts World Casino New York City, Resorts World Bimini; just 50 miles from Miami, Resorts World Sentosa – which opened in Jan. 2010 featuring six hotels and attracting 17 million visitors per year, Resorts World Manila, Resorts World Genting, Malaysia; Malaysia’s only casino and featuring 9,000 hotel rooms, a convention center, shopping, cable cars, indoor and outdoor theme parks. The property was voted “Asian Leading Casino Resort“ for six straight years . There are also currently 45 casinos and poker clubs in the UK under the Resorts World UK umbrella.