• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Genting Bhd, units pass suitability for Vegas project

May 20, 2016 Newsdesk Latest News, Top of the deck, World  


Genting Bhd, units pass suitability for Vegas project

Key executives and units of Malaysian conglomerate Genting Bhd were on Thursday unanimously declared by the Nevada Gaming Commission as suitable to lead the Resorts World Las Vegas casino project (pictured in a rendering), reported local media.

It followed a two-hour presentation and hearing at a scheduled meeting that day of the Commission.

Genting Bhd plans a 3,100-room Chinese-themed property at the north end of the Las Vegas Strip where the Stardust Resort and Casino once stood. It is currently slated to include a 150,000-square-foot (13,900-sq-metre) casino.

Genting Bhd has said the budget for the project is US$4 billion. A number of investment analysts have queried that number, given the recent decline globally in the mainland Chinese high roller segment.

Investment bank Morgan Stanley said in a note earlier this month that VIP gambling volume at Resorts World Sentosa – a casino resort in Singapore run by Genting unit Genting Singapore Plc – fell by 29 percent year-on-year in the first quarter this year.

Genting Bhd said earlier this month that the Las Vegas resort was likely to open in 2019. An opening in 2018 had been mentioned previously.

On Thursday, online news portal Vegasinc.com, quoting Gerald Gardner, the project’s general counsel, said Genting officials had been focused on improving and refining their plans.

Mr Gardner, a former chief of staff to Nevada’s Governor Brian Sandoval, has said the resort will directly create approximately 5,000 construction jobs and will have circa 3,000 employees when it opens.

Another senior aide to Gov. Sandoval was hired in August for the Genting Las Vegas project.


  • tweet
Related articles
  • RWS non-gaming offer Minion Land pledged to open 2024
    RWS non-gaming offer Minion Land...

    May 27, 2022  

  • Singapore visitor tally in year to April beats full-2021
    Singapore visitor tally in year to...

    May 25, 2022  

More news
  • Sega Sammy to launch Genesis Crest 43J cabinet in Asia
    Sega Sammy to launch Genesis Crest 43J...

    Jul 01, 2022  

  • Macau monthly GGR for June worst since Sept 2020
    Macau monthly GGR for June worst since...

    Jul 01, 2022  


Latest News

Sega Sammy to launch Genesis Crest 43J cabinet in Asia

Sega Sammy to launch Genesis Crest 43J cabinet in Asia

Jul 01, 2022  

Casino equipment supplier Sega Sammy Creation Inc said in a Friday release it was debuting its Genesis Crest 43J cabinet in Asia. The product will be available at an in-person trade show, G2E Asia:...
Read More
Macau monthly GGR for June worst since Sept 2020

Macau monthly GGR for June worst since Sept 2020

Jul 01, 2022  

Kangwon 2021 average bet 61pct above foreigner casinos

Kangwon 2021 average bet 61pct above foreigner casinos

Jul 01, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


638

Aggregate number of Covid-19 cases in the latest Macau outbreak, as of Thursday-end



Most Popular

  • Macau tells casinos cut on-duty staff by 90pct: reportsMacau tells casinos cut on-duty staff by 90pct: reports July 1, 2022
  • 5-casino Thai market ok says National Assembly committee5-casino Thai market ok says National Assembly committee June 30, 2022
  • GKL says no biz lift soon from S.Korea-Japan travel easingGKL says no biz lift soon from S.Korea-Japan travel easing July 1, 2022
  • Macau monthly GGR for June worst since Sept 2020Macau monthly GGR for June worst since Sept 2020 July 1, 2022
  • Universal hopes Okada Manila biz listed before Sept 30Universal hopes Okada Manila biz listed before Sept 30 June 30, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us