Genting Group Eyes $2B Resort on Former Stardust Site
By Alex Girda, Associate Editor
In a step that could help speed the comeback of large-scale development on the Las Vegas Strip, Genting Group wants to build a $2 billion resort on the site once proposed for the abandoned Echelon project, the Las Vegas Review-Journal reported.
The Malaysian hospitality company, which bought the parcel from Boyd Gaming Corp. for about $350 million, plans a 3,500-key hotel and a 175,000-square foot casino component for the project’s first phase. The site is the former location of the Stardust.
Taking a cue from Genting’s properties in New York City and Singapore, the property would be named Resorts World Las Vegas. According to the Review-Journal, the new attraction is set to open in 2016, featuring a palette of dining choices and plenty of retail space, as well as 500,000 square feet of convention space, outdoor pool and a theater.
Image of Resorts World Genting, Malaysia, courtesy of user Thecatcher09 via Wikimedia CommonsTags: economy