Genting breaks ground on first new Vegas Strip resort in decade

Malaysia’s Genting Group broke ground on its $4 billion Resorts World Las Vegas project on Tuesday in the first new development on the strip in nearly a decade.

The Chinese-themed property will bring cultural attractions, varied cuisine and “jaw-dropping entertainment” from China's many diverse regions and ethnic groups, it said.

The construction phase will create more than 30,000 person-years of direct and indirect employment, defined as one person employed for one year.

Once in operation, RWLV is predicted to sustain over 13,000 direct and indirect jobs. The IR is projected to open its doors in mid 2018.

The resort will include three hotels; multiple restaurants featuring a variety of regional Chinese cuisines; over 100,000 square feet of innovative gaming space; numerous retail offerings; and a top-tier nightlife venue.

The company said additional details on amenities being offered at RWLV will be released throughout the construction process.

"Not since the 1950s has there been the amount of development that we are currently seeing on the north end of the Las Vegas Strip, and Resorts World Las Vegas is positioned to be the centerpiece of this exciting growth," said Clark County Commissioner Chris Giunchigliani.

Genting, which celebrates its 50th anniversary this year, has been seeking expansion outside of its home market and Singapore, where opportunities for major growth are seen as limited. The company has been aggressively pursuing developments in the U.S., though lost out in its bid for two recent licenses in New York state.

"Las Vegas is known for its world-renowned resorts, and the Genting Group looks forward to being a part of the city's continued growth by creating a huge national and international draw with this Chinese themed world-class resort,” Genting chairman and CEO KT Lim said.

 

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