Last updated: 06:51 PM ET, Mon March 04 2013

Genting to Develop Former Echelon Site as Resorts World Las Vegas

Features & Advice | Mimi Kmet | March 04, 2013

Genting to Develop Former Echelon Site as Resorts World Las Vegas

 

Nevada elected officials, including Governor Brian Sandoval and U.S. Senate Majority Leader Harry Reid, on March 4 joined Genting Group Chairman KT Lim in announcing plans for a new development project at the Echelon site along the Las Vegas Strip. Genting earlier had  announced the acquisition of the 87-acre site from Boyd Gaming Corporation and will transform it into Resorts World Las Vegas, Genting's first destination resort in Las Vegas.

“We are incredibly grateful to the leaders of the State of Nevada, Clark County and the City of Las Vegas for joining us in announcing what will be a fantastic addition to the top resort destination in the United States," said KT Lim. "This is a great day for Genting, Las Vegas, and the State of Nevada, and we look forward to taking full advantage of this exciting new opportunity."

Nevada Governor Brian Sandoval said Genting Group and Resorts World Las Vegas will bring several thousand new jobs to the state. “I'd like to welcome Genting to the great state of Nevada, and we all look forward to the ground breaking of this new dynamic project,” he said.

Resorts World Las Vegas will be a destination resort with 3,500 rooms in the first phase and 175,000 square feet of total gaming space across several gaming floors, as well as several luxury dining and retail amenities. The resort will also include additional convention space for Las Vegas trade shows.

“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,” said Sen. Harry Reid (D-Nev.). “A project of this size and magnitude will not only attract more visitors to our State, but will be a boon to the Nevada economy both in terms of jobs and Southern Nevada's continued economic recovery and growth.”         

Genting Group, which also owns 45 percent of Norwegian Cruise Line and Star Cruises, currently has gaming facilities and is licensed in Malaysia, the Philippines, the United Kingdom, Singapore, Bahamas and the State of New York. It also is planning to build a casino gaming resort in Miami.

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