Resorts World Las Vegas, a new Las Vegas Strip multi-billion dollar integrated resort scheme, has hired a construction manager and has received key approvals from the Clark County Building Department.
Edward Farrell, who was appointed as President of the venture this spring, told local media that preparatory work has been carried out on the site of the future resort so that construction can begin soon. Mr. Farrell explained that the bases to support the tower cranes have been put in place and that the actual cranes are expected to go up within the next two months.
Resorts World Las Vegas will mark Malaysian casino developer Genting Group’s first foray into Las Vegas. The operator broke ground on the resort back in 2015 but construction work has been delayed. The luxury complex was originally planned to feature a traditional ancient China theme, but the developer announced earlier this year that they have decided to move away from that initial concept. The resort will still feature an Asian theme, but a more modern one. The change in plans pushed Resorts World Las Vegas’ opening to 2020.
If there are no further delays in the project’s implementation, the complex will be the first of its kind to open doors on the Las Vegas Strip since the mid-2000s. The Great Recession impacted the profitability of Las Vegas’ casino industry to unprecedented extent and multiple construction projects had to be frozen as the economic conditions at the time did not bode well for their success.
Resorts World Las Vegas announced on Monday that it has selected W.A. Richardson Builders as its preferred construction manager. The construction firm was the general contractor of popular Strip properties such as Monte Carlo Resort and Casino, the Cromwell, the Linq, and Mandalay Bay. It also became clear that subcontractors and construction material suppliers have also been signed.
Earlier this month, the Clark County Building Department gave approval to multiple documents related to the construction of the integrated resort.
What We Know about Resorts World Las Vegas
Details about the integrated resort project are still too skim and officials have previously pointed out that more information will be gradually released over the next three years. As mentioned above, the scheme underwent a switch of concept from a more traditional to a more modern one. It is believed that a contemporary looking property will lure more patrons from younger generations, which has turned into an important goal of land-based casino operators over the past several years.
Resorts World Las Vegas will feature a 100,000-square-foot casino, a 3,000-room hotel, multiple restaurants, some of which will offer authentic Chinese and Asian cuisine, retail facilities, and other entertainment features. Genting Group is planning to invest around $4 billion into building the luxury casino resort.
Resorts World Las Vegas will be located at the site of the former Stardust casino. Genting Group bought the portion of land where it intends to build its resort from Boyd Gaming back in 2013 for $350 million. Boyd had previously purchased the site to build a hotel complex, but eventually decided against that plan.