LAS VEGAS—The Genting Group of Malaysia said today that it plans to build a $2 billion resort and casino on the 87-acre Echelon site were construction on another project was halted during the recession.
Nevada elected officials today joined Genting Group Chairman KT Lim in announcing plans for Resorts World Las Vegas, Genting's first destination resort in Las Vegas, a world-class destination resort with 3,500 rooms in the first phase, as well as 175,000 square feet of total gaming space, and several luxury dining and retail amenities. The resort will also include additional convention space for Las Vegas trade shows, helping the city attract international business travelers with a distinct focus on business-to-business events and conferences.
Genting, which operates casinos in Singapore and New York City, will pay Boyd Gaming Corporation $350 million for Echelon, and will spend $2 billion to build the resort, and expects to open in 2016. Development at the site stalled at the beginning of the recession five years ago.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
