Genting to Spend $4 Billion Finishing Off Las Vegas Resort
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Genting Bhd., Southeast Asia’s largest casino operator, will spend as much as $4 billion on completing an unfinished Las Vegas resort it bought from Boyd Gaming Corp. earlier this year, its chairman said yesterday.
Genting, controlled by Malaysian billionaire Lim Kok Thay, paid $350 million for the 87-acre (35-hectare) site, once home to the Stardust. The Echelon project will be re-branded Resorts World Las Vegas, with the opening of phase one planned for 2015, the company said at the time.