KUALA LUMPUR (March 4): Nevada Governor Brian Sandoval today joined Genting Group Bhd chairman KT Lim in Las Vegas in announcing plans for a transformational new development project at Las Vegas Strip, according to a press statement by GENTING BHD [].
In a separate announcement to Bursa Malaysia, Genting said it is entering the Las Vegas market with the purchase of a 87-acre parcel of land and structures on it to create "Resorts World Las Vegas" -- Genting’s first resort in Las Vegas.
Genting, via its new indirect wholly-owned unit, Genting Assets Inc (Genting Assets), will pay US$350 million to acquire the Echelon site on the Las Vegas Strip corridor from US listed Boyd Gaming Corp.
The statement said Resorts World Las Vegas will be a world-class destination resort with 3,500 rooms in the first phase, as well as 175,000 square feet of gaming space across several gaming floors, and several luxury dining and retail amenities.
The resort will also include convention space for Las Vegas trade shows and over the course of the CONSTRUCTION [] and operation process, Resorts World Las Vegas will bring tens of thousands of jobs to Southern Nevada.
“Las Vegas is considered the gold standard in the world of gaming, resorts, and entertainment, and this project is an incredible addition to the thriving industries that call Las Vegas and Nevada home.
“This is an unparalleled opportunity to showcase what has made the Resorts World brand a globally recognised success for the past several decades,” said Lim in the statement.
The Genting Group currently has gaming facilities in Malaysia, the Philippines, the United Kingdom, Singapore, Bahamas and the State of New York.
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