Resorts World Las Vegas Casino Project On Track

Resorts World Las Vegas is making progress, the Las Vegas-Review Journal reported. Construction is expected to start this year. The project could cost anywhere from $2 billion to $7 billion.

The site is Boyd Gaming’s unfinished Echelon development, which Genting bought for $350 million. The plan is to use at least part of the existing structure for the new casino-resort.

“It’s been a busy year, and we’re trying to be thoughtful about the development,” the firm told the Review-Journal.

Genting doesn’t yet have a Nevada casino license, but the state is currently looking at the company and regulators expect a hearing in the near future. The investigation process takes some time and Genting is a huge company.

The firm also wants to build a massive casino in Miami, but the state of Florida hasn’t approved such casinos, at least not yet. Las Vegas is the focus of the company’s U.S. operations for the time being. It also has a gambling facility in New York City, but that is nowhere near the scale of what it intends for Las Vegas.

The Genting project reportedly marks the first brand new Las Vegas Strip casino project in a handful of years.

“I have every confidence that they are moving forward,” Gov. Brian Sandoval said this week.

Image via Review-Journal

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