"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 prepared statement. "Our themed resort will cater to the high?end visitor as well as the budget?minded tourist. We will give first?time guests a new reason to visit Las Vegas and other tourists a great reason to return. [This] represents a big step forward for our development, and we are excited to move forward with our plans."
Genting presented the plans last week at a hearing held by the Nevada Gaming Control Board.
Construction is expected to begin in the second half of 2014 and take between 24 to 36 months to complete. The construction portion of phase one is estimated to result in 30,000 person years of employment and $1.5 billion in direct wages.
According to company press materials, the development—situated at 3000 South Las Vegas Boulevard at the site of the old Stardust—will initially consist of a more than 100,000-square?foot gaming floor, a hotel tower, a retail village and a showroom.
In phase one alone, the project is expected to create 11,000 direct, indirect and induced jobs.
Additional phase one amenities will include at least 3,500 gaming positions (slots and table games combined); 3,000 guest rooms; 22 villas; 15 retail venues; 30 food and beverage outlets; an aquarium; a center bar featuring live entertainment; and observation deck with views down the strip.
In subsequent phases, Resorts World Las Vegas will add three new hotel towers; a new, still?to?be determined, large?scale attraction; additional gaming space; a smaller, more intimate theater that seats approximately 1,000 to 1,500 people; an approximately 1 million-square-foot convention center; a water park; a movie theater; and a bowling alley.
Resorts World Las Vegas is operated by the Genting Group, a global company founded in 1965 operating destination resorts in the Americas, Malaysia, Singapore and the United Kingdom. Genting has more than 40 years of experience developing and operating destination resorts that collectively employ about 55,000 people and offer an unparalleled resort experience to over 50 million visitors a year.