Resorts World Las Vegas Construction to Start in Q3

In 2013, the Malaysian owned Genting Group purchased 87 acres of land from Boyd Gaming for $350 million, before announcing its intention to build a $4 billion property called the Resorts World Las Vegas in Sin City by 2016. Construction delays have pushed the project back, however, with the latest date for work to begin now slated for the third quarter of 2017. All being well, this should mean the huge integrated resort opening its doors sometime in 2020.
Helping to explain some of the delay is an overhaul of the Asian-themed project’s original design, with Edward Farrell, President of the Resorts World Las Vegas (RWLV), highlighting the necessity of taking extra time in order to ensure the project’s success. He also stated that the new design would not only provide the exciting gaming experience associated with Genting, but also feature completely new entertainment concepts that will help attract a wide range of both international and domestic visitors. As he subsequently commented:
“The initial drawing had a lot of traditional, older Chinese architecture and elements that were within it. The company has really taken a look at the market in Las Vegas throughout the past couple of years, and it has really shifted to something that’s much more modern.”
With the design aspect now finalized, on-site construction activity is expected to be ramped up over the next several months, with several thousand people eventually working on the project ahead of its 2020 opening. Once completed, the venue will feature a 100,000-square-foot casino, and a 3,000 bedroom hotel, as well as restaurants, shops, and theatres. It will also provide employment for at last 3,000 union workers.
Meanwhile, Genting CEO Tan Kong Han expressed his optimism that Farrell will manage to now complete the massive project in time, stating:
“As the shareholder of RWLV, we have full confidence in Ed’s ability to lead a well-organised team of highly qualified professionals to collectively shepherd RWLV through development and into successful operation.”