A top aide of Nevada’s governor Brian Sandoval is leaving to work for Resorts World Las Vegas, the first Nevada casino venture from Malaysian conglomerate Genting group, reported the Associated Press.
The Republican governor announced on Monday that chief counsel Michon Martin would be leaving his administration later this month.
The report said Governor Sandoval had described Ms Martin as a loyal confidant for more than two years, and that she had been tenacious in pursuing a stronger, more prosperous Nevada.
The US$4-billion gaming resort (pictured in an artist’s rendering), on the site of the abandoned Echelon scheme at the north end of the Las Vegas Strip, had its ground breaking ceremony in May. At that time, a mid-2018 opening was mentioned for the scheme.
But a note on May 29 from investment analyst Samuel Yin Shao Yang of Maybank IB Research in Malaysia, said that the final budget would likely be revised downward.
Tushar Mohata and Alpa Aggarwal, analysts at Japanese brokerage Nomura, stated in a June 1 note that Genting had decided to “rework its plans” because of a likely long-term global weakness in business from Chinese VIP gamblers.
Mar 05, 2021Despite United States-based casino group Las Vegas Sands Corp (LVS) being in line to generate US$6.25 billion from the sale of its Las Vegas, Nevada assets, Fitch Ratings Inc said in a Thursday memo...
Mar 05, 2021
Mar 05, 2021
“Prolonged closure of operations could derail earnings recovery and weigh on NagaCorp’s credit quality"
Junling Tan, Yu Sheng Tay and Vikas Halan
Analysts at credit rating agency Moody’s Investors Service