An artist’s rendering of the new Resorts World Las vegas, nevada, which designer Genting hopes is going to be the very first major post-recession project on the Las Vegas Strip.
Representatives from Malaysia-based casino giant Genting met because of the Las Vegas Gaming Control Board final week to answer questions about the suitability of the proposed $4 billion project for the Las Vegas Strip, Resorts World Las vegas, nevada. That meeting resulted in the approval that is preliminary of video gaming license.
Genting acquired the abandoned Echelon project 14 months ago for $350 million, and is now one step closer to realizing its ambitious new mega-resort, the first on the Strip for nearly ten years, to be built on the half-vacant pocket of land that was once home to the legendary Stardust Casino. The suitability choosing could be the penultimate phase before actual licensing.
It’s understood that the Gaming Control Board has spent the past 12 months searching into Genting’s operations throughout Malaysia, Singapore, London and ny in a rigorous assessment of the business’s suitability, but Genting’s odds of approval were always rumored to be high.
As Howard Stutz, gaming reporter at the Las Vegas Review-Journal, wrote on the eve regarding the meeting: ‘Short of Genting’s whole board of directors being found to have ties to the Yakuza or Chinese organized crime triads, the business and its represent Continue reading