Resorts World Las Vegas gets regulatory approval from the Nevada Gaming Commission

Resorts World Las Vegas has received the necessary regulatory approval by the Nevada Gaming Commission and developers are now ready to move forward with the ambitious project.

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Resorts World Las Vegas is to be built with the intention to attract the attention of Chinese players

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The Malaysian gambling operator was given the green light to proceed with the construction of its mega-resort, initially valued at the amount of $4 billion. After the necessary licenses have been stamped by the state gambling regulator, work on the complex is expected to commence towards the end of 2016. Resorts World Las Vegas would be the first integrated resort to be built in Las Vegas for a decade now.

According to initial plans, the complex would feature 3,100 hotel rooms and a casino spreading over 150,000 square feet. The resort is expected to be completed and launched early in 2019. The choice of a Chinese theme for the project was not an arbitrary one. Resorts World Las Vegas is to be built with the intention to attract the attention of Chinese players, particularly ones wealthy enough to travel to the US to spend a dime on gambling.

Genting purchased the site of the former Stardust Casino back in 2013 for the amount of $350 million. The plot was to be used for Boyd Gaming’s Echelon Place. However the project was abandoned as Las Vegas was among the places in the US to be the most severely hit by the Great Recession.