Genting Group unveils plans for sprawling 87-acre Resorts World Las Vegas

First-ever Genting resort in US gaming capital.

In a release, Genting Group led by Chairman KT Lim and leading Nevada elected officials, including Governor Brian Sandoval and US Senate Majority Leader Harry Reid announced plans for a "transformational new development project" at the Echelon site along the Las Vegas Strip to be called Resorts World Las Vegas.

Genting also announced that it acquired from Boyd Gaming Corporation the 87-acre parcel, which will be used to create the saird resort, Genting's first destination resort in Las Vegas.

"We are incredibly grateful to the leaders of the State of Nevada, Clark County and the City of Las Vegas for joining us in announcing what will be a fantastic addition to the top resort destination in the United States," said KT Lim, Chairman and Chief Executive of the Genting Group . "This is a great day for Genting, Las Vegas, and the State of Nevada, and we look forward to taking full advantage of this exciting new opportunity."

"The entrance of one of the world's leading resort gaming developers into Nevada is another fantastic sign that Las Vegas and The Strip are poised for great things moving forward in 2013 and beyond," Governor Brian Sandoval said. "The Genting Group and Resorts World Las Vegas will bring several thousand new jobs to our State, and will help us in keeping our economic resurgence on the right path towards success. I'd like to welcome Genting to the great state of Nevada, and we all look forward to the ground breaking of this new dynamic project."

Resorts World Las Vegas will be a world-class destination resort with 3,500 rooms in the first phase, as well as 175,000 square feet of total gaming space across several gaming floors, and several luxury dining and retail amenities. The resort will also include additional convention space for Las Vegas trade shows, helping the city attract international business travelers with a distinct focus on business-to-business events and conferences. Over the course of the construction and operation process, Resorts World Las Vegas will bring tens of thousands of jobs to Southern Nevada for many years to come.

"Las Vegas is considered the gold standard in the world of gaming, resorts, and entertainment, and this project is an incredible addition to the thriving industries that call Las Vegas and Nevada home. A project of this size and magnitude will not only attract more visitors to our State, but will be a boon to the Nevada economy both in terms of jobs and Southern Nevada's continued economic recovery and growth," Senator Harry Reid (D-NV ) said.

"This is an unparalleled opportunity to showcase what has made the Resorts World brand a globally recognized success for the past several decades," added Lim.

The Genting Group currently has gaming facilities and is licensed in the jurisdictions of Malaysia, the Philippines, the United Kingdom, Singapore, Bahamas and the State of New York.