LAS VEGAS, NV – Genting Group, a developer based in Malaysia, recently announced that they are on-target for the late 2020 completion of construction on the Resorts World Las Vegas Casino, despite some experts expressing doubts that such a goal is currently not realistic given the overall lack of progress since work began on the $4 billion project in 2017.
Genting originally purchased the 87-acre property – situated on the famed Las Vegas strip at the former site of the Stardust Casino – five years ago, but ran into issues that delayed the start of construction; the developer blamed the problems on logistical construction difficulties and negative fluctuations in Malaysian currency, known as the Ringgit. However, Genting has noted that they have resolved all issues pertaining to Resorts World Las Vegas and, in 2017, began work on the casino in earnest.
However, while some progress has been made at the 87-acre construction site as far as the overall structure is concerned, some are expressing doubts that Genting’s stated 2020 goal is attainable as certain major aspects have yet to be completed, such as the proposed glass siding. Some have said, given the lack of progress thus far, that a more realistic estimate would be 2021 at the very earliest, if not later.
Resorts World Las Vegas – anticipated as the first mega-resort to open its doors on the strip in over ten years – is slated to feature traditional Chinese architecture, with a red and white color scheme and a giant Chinese lantern hanging from the top of a tower. It will feature over 3,400 rooms divvied up between three towers, with a 100,000 square foot gaming floor, numerous restaurants with traditional Chinese cuisine, an amphitheatre, swimming pool, and many more amenities.
At this point, Genting’s website notes that the project will be completed in phases – the company has stated that the project does not need to be 100 percent completed in order to open for business – and will target mid-market Chinese visitors, although the current and escalating trade war between the United States and China may throw a wrench in the works as far as discouraging tourism from that country, experts say.
“The first phase of Resorts World Las Vegas will be done in stages and will include a hotel; multiple restaurants including a variety of authentic, regional Chinese cuisines; over 100,000 square feet of innovative gaming space, numerous retail offerings; and a top-tier nightlife venue” states the Resorts World Las Vegas website.
Resorts World Las Vegas is Genting’s first project in Las Vegas; the developer also operates resorts in the Bahamas and the United Kingdom, as well as Malaysia, Singapore, South Korea.
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