The Genting Group announced some very ambitious plans on Monday for the Las Vegas strip that had the city abuzz. The company announced on Monday that they have plans to develop a resort, to become the largest located in Las Vegas, that will have more than 3500 different hotel rooms and be located on the Las Vegas strip. The Malaysian company’s plans for Resorts World Las Vegas will include a number of different hotels.
It is estimated that the resort will contain more than 175,000 ft.² of gaming space overall. There will be multiple different casino floors, which may have different themes, or provide different types of games. The resort will also have more than 210,000 ft.² of restaurant space, with many different restaurants, 250,000 ft.² of retail space and shopping that will be available anyone including resort guests, and more than 500,000 ft.² of convention’s face. Along with this, there will be more than 300,000 where feet of pools, water slides, and other water park additions.
The property will also be decorated in a number of different items, including a replica of the Great Wall of China, and an enclosure for panda bears. Many people reacted positively to the news of the huge make the resort that was being planned. However, the resort was not positive across the board. One thing is for sure, visitors to the Las Vegas area are certainly going to enjoy the new mega-resort, which should bring many new attractions of the Las Vegas area. The resort will also support some of the largest buildings located on the strip, helping it to stand out.
One group that did take kindly to the news was the northern Las Vegas strip. The area has become a graveyard for shutdown casinos, and casinos that appear to be on their last legs. It is there hope that the opening of the new mega-resort will create an economic boom in northern Las Vegas. The area has been neglected in recent years, with most of the focus being on the southern part of the strip. It will also be a huge win for developers, as the resort is going to be huge and require huge investment from the company. For existing casinos, the announcement of the mega-resort is a bit of a mixed bag. While on one hand some resorts will benefit from the increase in traffic to the northern Las Vegas strip, it will also likely take some business from the southern Las Vegas strip. It remains to be seen how it will pan out in the long-term for existing companies.
With this announcement, the Genting Company has shown that they are completely serious about making a huge investment in the Las Vegas area. With the revenues looking up for casinos across the board on the strip and throughout Las Vegas, the area seems to be going through a bit of a rebirth, following the economic collapse of 2008. It is clear that the Genting Company has faith that things will continue to recover, planning the most ambitious Las Vegas-based project in many years.