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 has been the future home of Genting’s Resorts World Las Vegas.
However, the strategy didn’t come to fruition and has apparently stalled for years. In 2017, Genting declared they expect to be complete with the resort by 2020, although more waits could be generated due to trade issues between the USA and China.
Moving ahead in 2018:
Fast-forward for 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 two years to make it to the set date and Genting is confident that nothing will probably be standing in their method of finishing the resort plans.
Union Gaming has been keeping track of the progress, and they consider the delays are due to Genting wanting to create a luxury and fiscal successful property. Head of the North America Equity/High Yield Research division for Union Gaming, John DeCree stated that he believes the pace of the project is deliberate since they are trying to understand the market and calculate what they need to construct and how it ought to be placed to be aggressive on the Strip at Las Vegas. This area is obviously, very aggressive, home to a number of the greatest casino centers on the planet.
What The Venue Will Give:
Genting stated that the building stage of the project will be completed in stages and will include the invention of a hotel, several restaurants including Chinese cuisine in addition to a gaming area composed of over 100,000 square feet. The resort will also be home to a nightlife place and several retail offerings.