An Asian conglomerate says it will break ground next year on a long-stalled project that could help revitalise a dilapidated section of the Las Vegas Strip.
The Malaysia-based Genting Group announced on Monday that it is buying the site where Boyd Gaming Corp.’s partially built Echelon project has gathered dust for four years. Genting says it will build a multi-billion dollar casino, its first in Las Vegas.
The ‘Resorts World Las Vegas’ project will feature 3,500 hotel rooms, a convention centre and a 4,000-seat theatre.
Echelon is one of a handful of high-profile multi billion-dollar projects that has stalled on the Las Vegas Strip since the economy crashed. The Genting Group said it plans to break ground on the new project in 2014 and open in 2016.
‘This is an unparallelled opportunity to showcase what has made the Resorts World brand a globally recognised success for the past several decades,’ CEO KT Lim said in a statement.
The Malaysia-based Genting Group announced on Monday that it is buying the site where Boyd Gaming Corp.’s partially built Echelon project has gathered dust for four years. Genting says it will build a multi-billion dollar casino, its first in Las Vegas.
The ‘Resorts World Las Vegas’ project will feature 3,500 hotel rooms, a convention centre and a 4,000-seat theatre.
Echelon is one of a handful of high-profile multi billion-dollar projects that has stalled on the Las Vegas Strip since the economy crashed. The Genting Group said it plans to break ground on the new project in 2014 and open in 2016.
‘This is an unparallelled opportunity to showcase what has made the Resorts World brand a globally recognised success for the past several decades,’ CEO KT Lim said in a statement.