A variety of gambling destinations is tremendous, especially in Las Vegas – the city that attracts gamblers from all over the world. In fact, when it comes to casino and other gambling attractions, Las Vegas is the first city that comes to mind. It has never been quiet at night, even though the city recently saw an unexpected gaming recession.
On this occasion, Genting Bhd, Southeast Asia’s biggest gaming group, is about to start building a huge gaming destination in Las Vegas and spend about $4 billion on its construction. The company claims that the construction process of Resorts World Las Vegas is planned to start in the second half of this year. In total, this process will be divided into four stages and will take about 24-36 months. Hopefully, in 2017, Las Vegas could expect the completion of the first stage.
In fact, the unfinished gaming resort has been bought from Boyd Gaming Corp. for $350 million. Despite numerous restrictions on opening new casinos in the US, Genting still managed to start bringing this huge gambling project to life.
Speaking more on the company itself, it has had Malaysia’s casino license since the 1960’s. And it has now brought its world’s recognition to Las Vegas. It manages a row of UK casinos and one of the biggest gambling resorts in Singapore – Resorts World Sentosa.
The gaming resort is planned to be so huge that only the first stage will feature 3,500 gaming machines and will occupy 100,000 square-foot gaming floor with dozens of retail stores, 30 food locations, 30,000 hotel rooms and villas. In addition, up to 11,000 jobs will be opened in Las Vegas.
But who is an expected visitor of a huge $4-billion gaming resort? In fact, not only the wealthiest gamblers will be able to enjoy it, but also the budget-minded ones. It is also expected to be perfectly suitable for tourists in search of unforgettable attractions. The resort will become a one more reason to come to Las Vegas, either for a first-time visit or return again.
What is also extraordinary about this huge gaming resort is that it will attract not only gamblers, but also those who wish to visit a water park, bowling alley, movie theater, etc. It will also be possible to enjoy visits to a million square foot convention center and lots of other attraction destinations.
Despite endless optimistic plans and expectations, findings suggest that the gaming resort may experience serious challenges. Their key task is to make their resort profitable. In fact, it may turn out to be harder than it seems. A well known megaresort in Las Vegas – the Cosmopolitan – is known to have suffered from tremendous losses which reach $100 annually. The resort was opened in 2010 and it still experiences losses, so what is waiting for Genting’s resort?
Las Vegas has always been welcoming gamblers from all over the world. The megaresort which is expected to be built in a few years will definitely leave its visitors excited as the $4-billion investment undoubtedly makes Genting expect a lot.