PETALING JAYA: Genting Group said its proposed Resorts World Las Vegas (RWLV) is expected to see full construction commencing in the third quarter of this year, aiming for opening in 2020.
In a statement, Genting also announced the appointment of Edward Farrell as president of RWLV. Farrell will oversee all development activities on the Las Vegas Strip site and prepare the world class, integrated resort for operations in 2020.
"As the shareholder of RWLV, we have full confidence in Ed's ability to lead a well-organised team of highly qualified professionals to collectively shepherd RWLV through development and into successful operation," Genting Bhd president and chief operating officer Tan Kong Han said in the statement.
"After careful consideration of the Las Vegas market and perfecting our planned, cutting-edge resort design and amenities, we look forward to RWLV commencing full construction by the third quarter of 2017 under Edward's leadership," Tan said.
According to the statement, over the last year, the RWLV design and development team has been perfecting plans for the multibillion-dollar integrated resort located on the Las Vegas Strip on the site of the former Stardust Casino.
In the next several months, construction activity on site will continue to ramp up with the installation of tower cranes to commence work on the casino podium and hotel towers.
Site preparation and servicing work has already commenced and a large, 3,000-spot parking structure has been completed.
RWLV will employ approximately 1,000 construction workers on site by next year, increasing to several thousand in the two years leading up to opening in 2020.
Once in operation, the resort will employ more than 3,000 union employees with thousands of more indirect jobs also being created. The US$4bil project was previously reported to be opened in 2019.
Genting Bhd bought the Las Vegas property in 2013 from Boyd Gaming Corp.
"Resorts World Las Vegas presents a unique opportunity to bring the Genting Group's experience in developing and operating Asia's leading integrated resorts to the United States, offering visitors to Las Vegas a new and compelling reason to stay on the north end of the Strip," Farrell said.
"Significant time has been spent on design to ensure that RWLV will not only feature the exciting gaming experience Genting customers all over the world have come to expect from us, but also to debut completely new and captivating entertainment concepts that will appeal to a wide range of visitors to Las Vegas - international and domestic alike."