Genting Group Announces Plans For Transformational New Development Project
Along Las Vegas Strip
Project at Echelon site will bring tens of thousands of jobs and billions of
dollars in economic development to Southern Nevada
LAS VEGAS, March 4, 2013 /CNW/ - Leading Nevada elected officials, including
Governor Brian Sandoval and US Senate Majority Leader Harry Reid, today joined
Genting Group Chairman KT Lim in announcing plans for a transformational new
development project at the Echelon site along the Las Vegas Strip. This
morning, Genting announced it has acquired from Boyd Gaming Corporation the
87-acre parcel, which will be used to create 'Resorts World Las Vegas,'
Genting's first destination resort in Las Vegas.
"We are incredibly grateful to the leaders of the State of Nevada, Clark
County and the City of Las Vegas for joining us in announcing what will be a
fantastic addition to the top resort destination in the United States," said
KT Lim, Chairman and Chief Executive of the Genting Group. "This is a great
day for Genting, Las Vegas, and the State of Nevada, and we look forward to
taking full advantage of this exciting new opportunity."
"The entrance of one of the world's leading resort gaming developers into
Nevada is another fantastic sign that Las Vegas and The Strip are poised for
great things moving forward in 2013 and beyond," Governor Brian Sandoval said.
"The Genting Group and Resorts World Las Vegas will bring several thousand new
jobs to our State, and will help us in keeping our economic resurgence on the
right path towards success. I'd like to welcome Genting to the great state of
Nevada, and we all look forward to the ground breaking of this new dynamic
Resorts World Las Vegas will be a world-class destination resort with 3,500
rooms in the first phase, as well as 175,000 square feet of total gaming space
across several gaming floors, and several luxury dining and retail amenities.
The resort will also include additional convention space for Las Vegas trade
shows, helping the city attract international business travelers with a
distinct focus on business-to-business events and conferences. Over the
course of the construction and operation process, Resorts World Las Vegas will
bring tens of thousands of jobs to Southern Nevada for many years to come.
"Las Vegas is considered the gold standard in the world of gaming, resorts,
and entertainment, and this project is an incredible addition to the thriving
industries that call Las Vegas and Nevada home. A project of this size and
magnitude will not only attract more visitors to our State, but will be a boon
to the Nevada economy both in terms of jobs and Southern Nevada's continued
economic recovery and growth," Senator Harry Reid (D-NV) said.
"This is an unparalleled opportunity to showcase what has made the Resorts
World brand a globally recognized success for the past several decades," added
The Genting Group currently has gaming facilities and is licensed in the
jurisdictions of Malaysia, the Philippines, the United Kingdom, Singapore,
Bahamas and the State of New York.
More information on The Genting Group and Resorts World Las Vegas is available
Resorts World Las Vegas is operated by the Genting Group, a global company
founded in 1965 operating destination resorts in the Americas, Malaysia, the
Philippines, Singapore, the United Kingdom, and on all four oceans through its
45% ownership of Norwegian Cruise Line and Star Cruises brands. Genting has
over 40 years of experience developing and operating destination resorts that
collectively employ about 60,000 people and offer an unparalleled resort
experience to over 50 million visitors a year.
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SOURCE: Genting Group
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-0- Mar/04/2013 18:22 GMT
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