$4B Las Vegas Megaresort Opening in 2020
Las Vegas is set to receive a $4 billion megaresort on the Strip in late 2020, reports the newspaper Las Vegas Review-Journal.
In 2007, gambling operator Boyd Gaming planned to develop Echelon Place on the same site. However, after the economic downturn, Boyd Gaming sold the land to the Malaysia-based Genting Group for $350 million, which then revealed plans to open Resorts World Las Vegas.
A Genting Group representative stated that Resorts World would be a “tech-forward, innovative, and inclusive resort with a bold, fresh take on hospitality to the Las Vegas market with exciting new experiences, one-of-a-kind culture, and seamless guest service.”
The venue will feature an Asian theme and include 59 floors and 3,400 rooms.
Resorts World will be the first Las Vegas megaresort to open in a decade ever since the development of The Cosmopolitan of Las Vegas in 2010.