KUALA LUMPUR: Genting Bhd is planning to build an integrated resort in Las Vegas, with 3,500 hotel rooms and 175,000 sq ft of total gaming space.
The group said on Monday it was buying 87 acres of freehold land in Las Vegas for US$350mil (RM1.08bil) from Boyd Gaming Corporation. The integrated resort to be known as "Resorts World Las Vegas" would also have hotel rooms, gaming space across several floors, convention centres and several luxury dining and retail amenities.
"Genting Bhd intends to undertake the development, either singly or jointly with other parties, and will announce the details of the development plans in due course," it said.
It said the property was at the north end of South Las Vegas Boulevard - or the Las Vegas Strip - and consists of six parcels of freehold land measuring 87 acres. "The land has approximately 1,523 feet of frontage on the Las Vegas Strip and is zoned as H-1, which allows for the development of gaming enterprises, compatible commercial and mixed commercial / residential uses.
"It also lies entirely within the gaming enterprise district, which allows for application for a non-restricted gaming license and permitted gaming throughout the site," Genting said.
-thestar online.
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