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Resorts World Las Vegas
Resorts World Las Vegas is a resort and casino on the Las Vegas Strip in Winchester, Nevada, United States. It is owned and operated by Genting Group as part of the Resorts World brand. It had been the site of the Stardust Resort and Casino until 2007. The Stardust was to be replaced by Echelon Place, a mixed-use project that was halted during the 2008 economic downturn. Genting bought the unfinished project in 2013, with plans to redevelop it as Resorts World Las Vegas, incorporating some of the Echelon buildings.
Resorts World was to begin construction in 2014, with the opening set for two years later. However, the project was delayed several times due to redesigns, with construction eventually starting in late 2017. Further design changes were made after Wynn Resorts filed a lawsuit, alleging similarities to its nearby Wynn/Encore properties.
Opened on June 24, 2021, it is the first new resort to be completed on the Las Vegas Strip since the Cosmopolitan opened in 2010. At a cost of $4.3 billion, Resorts World is the most expensive resort property ever developed in Las Vegas. It includes a 117,000 sq ft (10,900 m2) casino and a 59-story tower housing 3,506 rooms in three Hilton hotels: Las Vegas Hilton at Resorts World, with 1,678 rooms; Conrad Las Vegas at Resorts World, with 1,496 rooms; and Crockfords Las Vegas, with 332 rooms.
The resort also has restaurants and entertainment venues, including several by Zouk Group. The 5,000-seat Resorts World Theatre has one of the largest stages on the Strip. Other features include a 70,000 sq ft (6,500 m2) retail center; a five-acre pool complex; and a station for the Las Vegas Convention Center Loop, an underground shuttle service. Resorts World features a 100,000-square-foot LED screen which makes it the second largest video screen in the world.
In 2007, Boyd Gaming demolished its Stardust Resort and Casino on the northern Las Vegas Strip to develop Echelon Place, a mixed-use project, but construction was halted during the economic downturn of 2008. Four years later, Boyd began months-long negotiations to sell the 87-acre (35 ha) site to Genting Group, based in Malaysia. The $350 million sale was finalized on March 4, 2013. On the same day, as part of its Resorts World brand, Genting announced plans to build the Chinese-themed Resorts World Las Vegas on the site, while using some of the unfinished Echelon buildings for the new project.
Before purchasing the property, Genting had considered building a resort on the former nearby site of the New Frontier Hotel and Casino. Genting ultimately chose the Echelon site for its size, location, and the fact that it already included some partially built structures, which would shorten the project's construction period. Echelon's foundations and incomplete hotel tower, as well as an unfinished Echelon parking garage on the property's southwest corner, would be incorporated into the new resort. The project was expected to revitalize the northern portion of the Strip, although some analysts were concerned that the local hotel market had already been saturated, with more than 150,000 rooms. Genting paid $4 million per acre for the site, down from previous years when land on the Strip sometimes sold for a minimum of $17 million per acre.
Genting was known to proceed slowly and quietly on some of its projects, as it did with Resorts World Las Vegas. Much of the final design work and planning was done privately. Early plans called for the project to be developed in phases over several years, with numerous hotel towers at full buildout. Groundbreaking was originally scheduled for 2014, with the first phase set to open in 2016. Genting expected to spend between $2 billion and $7 billion to complete the entire project. The first phase was eventually budgeted at $4 billion, a quarter of which was to be financed by foreign investors through the EB-5 program. The first phase would consist of the main hotel tower, and the project would also include retail and convention space.
Genting delayed the 2014 groundbreaking to continue finalizing designs for the project, with the first phase now expected to open in late 2017. The groundbreaking ceremony took place on May 5, 2015, with a revised opening date of mid-2018. The ceremony featured lion dancers, and was attended by approximately 250 people, including Nevada governor Brian Sandoval, lieutenant governor Mark Hutchison, U.S. Representative Cresent Hardy, Clark County Commissioners Steve Sisolak and Chris Giunchigliani, and Steve and Elaine Wynn. The project had approximately 100 construction workers engaged in site preparation, working in the mornings and at night to avoid the summer heat.
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Resorts World Las Vegas
Resorts World Las Vegas is a resort and casino on the Las Vegas Strip in Winchester, Nevada, United States. It is owned and operated by Genting Group as part of the Resorts World brand. It had been the site of the Stardust Resort and Casino until 2007. The Stardust was to be replaced by Echelon Place, a mixed-use project that was halted during the 2008 economic downturn. Genting bought the unfinished project in 2013, with plans to redevelop it as Resorts World Las Vegas, incorporating some of the Echelon buildings.
Resorts World was to begin construction in 2014, with the opening set for two years later. However, the project was delayed several times due to redesigns, with construction eventually starting in late 2017. Further design changes were made after Wynn Resorts filed a lawsuit, alleging similarities to its nearby Wynn/Encore properties.
Opened on June 24, 2021, it is the first new resort to be completed on the Las Vegas Strip since the Cosmopolitan opened in 2010. At a cost of $4.3 billion, Resorts World is the most expensive resort property ever developed in Las Vegas. It includes a 117,000 sq ft (10,900 m2) casino and a 59-story tower housing 3,506 rooms in three Hilton hotels: Las Vegas Hilton at Resorts World, with 1,678 rooms; Conrad Las Vegas at Resorts World, with 1,496 rooms; and Crockfords Las Vegas, with 332 rooms.
The resort also has restaurants and entertainment venues, including several by Zouk Group. The 5,000-seat Resorts World Theatre has one of the largest stages on the Strip. Other features include a 70,000 sq ft (6,500 m2) retail center; a five-acre pool complex; and a station for the Las Vegas Convention Center Loop, an underground shuttle service. Resorts World features a 100,000-square-foot LED screen which makes it the second largest video screen in the world.
In 2007, Boyd Gaming demolished its Stardust Resort and Casino on the northern Las Vegas Strip to develop Echelon Place, a mixed-use project, but construction was halted during the economic downturn of 2008. Four years later, Boyd began months-long negotiations to sell the 87-acre (35 ha) site to Genting Group, based in Malaysia. The $350 million sale was finalized on March 4, 2013. On the same day, as part of its Resorts World brand, Genting announced plans to build the Chinese-themed Resorts World Las Vegas on the site, while using some of the unfinished Echelon buildings for the new project.
Before purchasing the property, Genting had considered building a resort on the former nearby site of the New Frontier Hotel and Casino. Genting ultimately chose the Echelon site for its size, location, and the fact that it already included some partially built structures, which would shorten the project's construction period. Echelon's foundations and incomplete hotel tower, as well as an unfinished Echelon parking garage on the property's southwest corner, would be incorporated into the new resort. The project was expected to revitalize the northern portion of the Strip, although some analysts were concerned that the local hotel market had already been saturated, with more than 150,000 rooms. Genting paid $4 million per acre for the site, down from previous years when land on the Strip sometimes sold for a minimum of $17 million per acre.
Genting was known to proceed slowly and quietly on some of its projects, as it did with Resorts World Las Vegas. Much of the final design work and planning was done privately. Early plans called for the project to be developed in phases over several years, with numerous hotel towers at full buildout. Groundbreaking was originally scheduled for 2014, with the first phase set to open in 2016. Genting expected to spend between $2 billion and $7 billion to complete the entire project. The first phase was eventually budgeted at $4 billion, a quarter of which was to be financed by foreign investors through the EB-5 program. The first phase would consist of the main hotel tower, and the project would also include retail and convention space.
Genting delayed the 2014 groundbreaking to continue finalizing designs for the project, with the first phase now expected to open in late 2017. The groundbreaking ceremony took place on May 5, 2015, with a revised opening date of mid-2018. The ceremony featured lion dancers, and was attended by approximately 250 people, including Nevada governor Brian Sandoval, lieutenant governor Mark Hutchison, U.S. Representative Cresent Hardy, Clark County Commissioners Steve Sisolak and Chris Giunchigliani, and Steve and Elaine Wynn. The project had approximately 100 construction workers engaged in site preparation, working in the mornings and at night to avoid the summer heat.