In 2013, the Genting Group purchased an area of land from Boyd Gaming on the Las Vegas Strip. This parcel of land contained 87 acres and was to be the future home of Genting’s Resorts World Las Vegas. The area was the former home of the Stardust Casino…
However, the plan did not come to fruition and has seemingly stalled for years. In 2017, Genting announced that they expect to be complete with the resort by 2020, even though more delays could be created due to trade issues between the United States and China.
Moving forward in 2018:
Fast-forward to this year, and progress has been made. It seems that Genting is getting closer to their 2020 deadline and perhaps there will not be any more delays on the project. There is now two years to reach the set date and Genting is confident that nothing will be standing in their way of completing the resort plans.
According to CalvinAyre…
Union Gaming has been keeping track of the progress, and they believe the delays are caused by Genting wanting to create a luxury and financial successful property. Head of the North America Equity/High Yield Research division for Union Gaming, John DeCree stated that he thinks the pace of the project is deliberate as they are trying to understand the market and calculate what they need to build and how it needs to be positioned to be competitive on the Strip in Las Vegas. This area is of course, very competitive, home to some of the best casino facilities in the world.
What The Venue Will Offer:
Genting stated that the construction phase of the project will be completed in phases and will include the creation of a hotel, several restaurants including Chinese cuisine as well as a gaming space consisting of over 100,000 square feet. The resort will also be home to a nightlife venue and several retail offerings.