by Michael J. Shapiro | May 08, 2014
The Genting Group intends to begin construction on its $4 billion Resorts World Las Vegas development in the second half of this year, the Malaysia-based resort company revealed Thursday in a hearing with the Nevada Gaming Control Board. Genting purchased Boyd Gaming's unfinished Echelon development on the North Strip at the site of the former Stardust. Construction should take two to three years, Genting estimated. The first phase will include a 100,000-square-foot gaming floor, a 3,000-room hotel, a retail village and a showroom. Phase one also calls for more than 15 retail outlets, 30 food-and-beverage establishments, an aquarium, a center bar with live entertainment and an observation deck with views of the Strip. In subsequent phases, Genting intends to build three additional hotel towers, a still-to-be-determined "large-scale" attraction, more gaming space, a 1,000- to 1,500-seat theater, a 1 million-square-foot convention center, a water park, a movie theater and a bowling alley. “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,” said Genting chairman KT Lim in a statement. “Our themed resort will cater to the high-end visitor as well as the budget-minded tourist."