An artist’s rendering of the brand new Resorts World Las Vegas, which designer Genting hopes is 1st major post-recession project on the Las Vegas Strip.
Representatives from Malaysia-based casino giant Genting met aided by the Las Vegas Gaming Control Board week that is last answer questions about the suitability of the proposed $4 billion project for the Las Vegas Strip, Resorts World nevada. That meeting resulted in the approval that is preliminary of gaming license.
Genting acquired the abandoned Echelon project 14 months ago for $350 million, and it is now one step closer to realizing its ambitious mega-resort that is new the first on the Strip for nearly a decade, to be built on the half-vacant pocket of land that was as soon as home to the legendary Stardust Casino. The suitability finding could be the stage that is penultimate actual certification.
It’s understood that the Gaming Control Board has spent the past year searching into Genting’s operations throughout Malaysia, Singapore, London and nyc in a rigorous assessment of the company’s suitability, but Genting’s likelihood of approval were constantly rumored to be high.
As Howard Stutz, gaming reporter at the Las Vegas Review-Journal, wrote on the eve associated with meeting: ‘Short of Genting’s entire board of directors being found to have ties to the Yakuza or Chinese organized crime triads, the company and its representatives will be