Malaysia's Genting Group has broken ground on its $4 billion, Chinese-themed Resorts World Las Vegas project on the north end of the Strip, it announced last week.
The first Las Vegas Strip development since The Cosmopolitan, which opened in 2010, the new resort is expected to open in 2018 with 3,500 guest rooms spread across three different hotels. It will have numerous restaurants serving authentic regional Chinese cuisines, a 100,000-square-foot casino, several retail outlets, nightclubs, an amphitheater, a garden and a special panda exhibit.
Eventually, the resort also plans to add a convention center with approximately 1 million square feet of space.
"After 50 years of developing integrated resorts all around the globe, we are thrilled to be breaking ground on the Las Vegas Strip in the great state of Nevada," Genting Group Chairman and CEO KT Lim said in a statement. "Las Vegas is known for its world-renowned resorts, and the Genting Group looks forward to being a part of the city's continued growth by creating a huge national and international draw with this Chinese themed world-class resort."
The new resort is expected to bring an influx of new international visitors -- from Asia, especially.
"With the beginning of construction of Resorts World Las Vegas, the Genting Group will be creating thousands of new jobs in our state and will generate billions of dollars in new economic activity that will benefit all Nevadans," said Nevada Gov. Brian Sandoval. "Resorts World Las Vegas will truly help grow the Las Vegas market by attracting greater numbers of visitors, conventions, and shows to our state. I am proud to welcome them as a bold new addition to the new Nevada economy."