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After the trend of US gaming giants, such as Las Vegas Sands, encroaching on the Asian casino landscape, comes the arrival of Malaysian giants Genting on the Las Vegas Strip. The Resorts World Las Vegas project will see the creation of a new complex on the site of the now demolished Stardust. Work on the complex is due to commence later this year and it is estimated completion will take two to three years.
The initial phase of the project will boast a 100,000 square foot gambling floor, 3,000 hotel rooms in an accommodation tower, and an aquarium. This will be followed by a further stage which will see more gambling space added as well as a water park, cinema, and convention centre.
The Group Behind the Mission
Malaysian based Genting group was formed in 1965 by Chinese born entrepreneur Lim Goh Tong. Lim was born into rustic village life in China and followed his cousin to Malaysia to improve his life. While visiting the Cameron Highlands in 1964 he came up with the idea of creating a hilltop gambling resort which he imagined would be popular in Malaysia’s burgeoning economy.
This led to the creation of the Genting Highlands the group’s pioneer resort which is now known as Resorts World Genting. Since its creation Genting has diversified into retail and hospitality; it currently employs approximately 58,000 people across the globe.
Genting in Las Vegas
It has taken over two years for Genting to break into the Vegas market and take the next step on its journey. This step is set to create tens of thousands more jobs in the Genting empire as well as generating hundreds of millions of dollars in tax revenue for the state of Nevada. The resort, which is being created across an 87-acre site, is set to cater for all types of client, from budget to high end.
This new US investment follows on from the facility Genting opened in New York in 2011, and further ventures in Massachusetts and Florida are planned. Speaking about the Las Vegas resort Genting chairman KT Lim said;
“Our goal at Resorts World Las Vegas is to complement existing properties and bring a new and unique entertainment destination to the Las Vegas Strip.”
It seems that the fun and excitement Stardust brought to the Strip is set to continue at Resorts World Las Vegas when it opens on the same ground.
